Mercedes Isn't Retreating From China Its Doubling Down

Published: 07 September 2024
on channel: EVPedia
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Mercedes-Benz is making a bold move in China's EV market by investing nearly $2 Billion to compete with local EV startups like Xpeng, Li Auto, and Zeekr. This includes $1.4 billion for passenger vehicles, including a long-wheelbase CLA EV tailored specifically for Chinese consumers, and $550 million for commercial EV vans. As other Western automakers scale back, Mercedes is doubling down in China with localized products. Will this investment pay off or follow in the footsteps of failed ventures like Mitsubishi? Watch to find out more!

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