Current location:International Imagery news portal > travel
Interview: Mercedes
International Imagery news portal2024-05-21 12:46:36【travel】6People 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://centralafricanrepublic.tom-paine.com/article-97e099824.html
Very good!(953)
Related articles
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- Scottish National Party ends 3
- As Zendaya's tennis
- After 4 decades in music and major vocal surgery, Jon Bon Jovi is optimistic and still rocking
- Ben Whishaw lights up the Croisette as he joins his co
- Revealed: The 5 popular brands responsible for the most plastic pollution in the world
- Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
- Xander Bogaerts has season
- Messi in and Dybala out in Argentina squad for pre
- Lawyer says Iran rapper famous for songs after 2022 killing of Mahsa Amini sentenced to death
Popular articles
Recommended
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
The Hollywood daughters raiding their mums' wardrobes... so who do you think wore it better?
Ariana Biermann reveals her 'second
Kentucky appeals court denies Bob Baffert
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
Xavi says Barcelona's improved play has been key to changing his mind to leave the club
Turkish rail officials jailed for more than 108 years for crash that left 25 dead
Columbia's president, no stranger to complex challenges, walks tightrope on student protests
Links
- Dragons nestle in the mountains outside Beijing
- Brunei welcomes 1st Chinese tourist group in 3 years
- 1 migrant dies and 25 are rescued from a sinking dinghy in eastern Greece
- iQIYI signs strategic partnership with Tourism Authority of Thailand
- Chinese premier holds symposium with overseas buyers at Canton Fair
- Scotland's leader faces a week of high
- China's ecological environment improves steadily in Q1
- China prepares to launch Shenzhou
- Pacers hit franchise playoff best 22 3
- Freiburg's Gregoritsch strikes late to sink West Ham