Current location:business >>
Interview: Mercedes
business79People 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."
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Culture Corner news portal”。http://westernsahara.adventistmissionjapan.org/content-86a999846.html
Related articles
Verona confirms Serie A status for another year after beating Salernitana
businessSALERNO, Italy (AP) — Verona secured a place in next year’s Serie A after beating Salernitana 2-1 on ...
【business】
Read moreUS to require automatic emergency braking on new vehicles
businessDETROIT (AP) — In the not-too-distant future, automatic emergency braking will have to come standard ...
【business】
Read moreBiden administration issues new rules on airline fees and refunds
businessThe Biden administration issued final rules Wednesday to require airlines to automatically issue cas ...
【business】
Read more
Popular articles
- Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
- Indonesia's Mount Ruang erupts again, spewing ash and peppering villages with debris
- I live on the Isle of Wight
- People share their partner's most annoying habits
- Messi in and Dybala out in Argentina squad for pre
- New York special election will fill vacancy in Congress created by resignation of Democrat Higgins
Latest articles
Why US Catholics are planning pilgrimages in communities across the nation
Stock market today: Asian shares mostly rise to start a week full of earnings, Fed meeting
Trump hush money trial: Prosecutors zero in on details as testimony resumes
Johnston scores again and Stars beat Golden Knights 4
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Afghanistan's Taliban woos foreign tourists
LINKS
- 'Liusanjie of New Generation' Sings for New Era
- ACWF Releases Q&A E
- Discovering Ocean's Poetic Charms
- ACWF Calls for Women to Contribute to Economic and Social Development, Regular COVID
- Highlights of Taekwondo at 4th Asian Para Games
- ACWF President Calls on Teachers to Pass on China's COVID
- Summer Vacation Campaign of Caring for Children Launched
- MCA, ACWF Promote Harmony Within Families
- China secures women's singles title at Badminton Asia Championships
- ACWF President Underlines People