Current location:World Window news portal > business
Interview: Mercedes
World Window news portal2024-05-09 00:02:17【business】2People have gathered around
Introduction(Xinhua) 11:27, March 26, 2024STUTTGART, Germany, March 25 (Xinhua) -- The reason why Germany's lead
STUTTGART, Germany, March 25 (Xinhua) -- The reason why Germany's leading luxury automaker Mercedes-Benz continues to invest in China is that the company believes in China and sees long-term opportunities, the company's top executive has said.
Ola Kaellenius, chairman of the board of management of Mercedes-Benz, told Xinhua in a recent interview that he saw great potential in the Chinese auto market, the biggest in the world.
Kaellenius believes that "there's definite growth potential" in China in the long term as car ownership rate in China still lags other mature markets in the world.
China, which is also the biggest and "hugely important" market for the German automaker, enjoys Kaellenius's close attention. "So I'm never out of China, even if I'm not physically in China."
The company is poised to bring into China's auto market a total of 15 new models, signaling intensifying efforts by the luxury automaker to consolidate its presence in the increasingly competitive auto market.
On March 1, Mercedes-Benz introduced four new versions of its new E-class model with lengthened wheelbases in China. Kaellenius pins high hopes on the new E class, which is one of the bestselling models of the company.
As part of what appears to be a two-pronged strategy in China, the German automaker plans to offer more new models, including both battery electric vehicles and "electrified high-tech combustion" vehicles, by the end of this decade.
Kaellenius disclosed that the company has increased the size of its R&D team in China over the past few years. Describing the innovations in China's auto industry as "vibrant," Kaellenius said: "We want to participate in that vibrant, innovative landscape."
The two R&D centers in Beijing and Shanghai enable the company to develop a wide array of new technologies for both the Chinese market and other markets in the world. "They are fully integrated in our global R&D effort."
Regarding the EU's probe into the so-called subsidy on Chinese vehicles, Kaellenius said "we should not get into the situation where trade barriers being raised in any directions."
It is "natural and normal" for auto companies to enter foreign markets given that the Chinese auto industry is "fully developed" and at "eye level" with any other auto industry, said Kaellenius.
Kaellenius attributes the economic and wealth growth over the last few decades in China to market opening-up, which has created "an investment friendly sentiment" and facilitated the Chinese to go out into the world.
"If we go back in the other direction and start (to) increase protectionism, I fear that the result will be slower growth," among other consequences.
Kaellenius called for clear rules of engagement and a level playing field for all market participants. He suggested that policymakers look at the opportunities "win-win and growing economic ties would actually lead to."
Address of this article:http://www.samacharpostdainik.com/html-08c099902.html
Very good!(17)
Related articles
- Ashes of Jiang Zemin Scattered into the Sea
- China launches global consumption event series at heavyweight expo
- French govt survives no
- Global trade to rebound by 2.6 pct in 2024: WTO report
- Chinese vice premier stresses implementation of projects funded by gov't bonds
- Feature: Race against time to find survivors at epicenter of Türkiye's massive earthquakes
- Xinhua Special: Fresh Look into President Xi's 2024 New Year Message
- China launches satellite to monitor marine, space environments
- Xi Urges Efforts to Carry Forward Great Founding Spirit of CPC and Yan'an Spirit
- China supports IAEA's efforts to ensure Zaporizhzhia's safety
Popular articles
Recommended
Inner Mongolia advances Three
UN responds to devastating ferry tragedy in Mozambique
5G covers all prefecture
Mideast in Pictures: Long road to recovery awaits quake
Xi Meets Putin via Video Link
China launches satellite to monitor marine, space environments
China's gross marine product exceeds 9 trillion yuan in 2023
Global trade to rebound by 2.6 pct in 2024: WTO report
Links
- World Internet Sci
- EastEnders was nearly a 'geriatric caravan park in the Northeast' as x
- Gene Herrick, AP photographer who covered the Korean War and civil rights, dies at 97
- Expansion club Bay FC edges Seattle Reign for first home win in NWSL
- Researchers enrich SW China regional climate history with tree ring data
- China launches Zhongxing
- World Internet Conference Wuzhen Summit kicks off
- Company in N China's Shanxi advances in developing ultra
- What key recent events led to Iran's assault on Israel?
- New study interlinks super dust storm, aerosol radiative feedback