Daimler Sees Strong Chinese Demand To Continue In 2022

Daimler AG's sales in China is expected remain stronger in 2022, according to the German automaker's China chief Hubertus Troska.

At an online event, he reportedly said that demand for premium vehicles, in particular, is strong and China will be a super market in the next year.

Troska said, "I'm extremely optimistic about China in the next year as well."

He added that Daimler and its major shareholder Geely are expecting that Smart cars from Chinese production will be available in the coming year.

The auto maker recorded significant growth this year in China, its most important market, despite the semiconductor shortage.

In the first nine months of 2021, Daimler's Mercedes-Benz brand grew sales in China by 4% to around 592,200 vehicles.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lily's Sweets is recalling 18,855 cases of 7-ounce Peppermint Flavor Baking Chips citing the presence of undeclared soy lecithin, a known allergen, the U.S. Food and Drug Administration said. The product was a limited holiday seasonal offering available exclusively at Walmart stores in the United States. Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations.
Follow RTT