Mercedes and its Chinese partners have committed to invest €3bn in China to fuel growth in the region. China is now Daimler's 3rd biggest market and 2012 sales in China are up 24 per cent to date in 2012, it was revealed at today's Beijing motor show.
Mercedes' target is to double Chinese production capacity by 2015. To achieve that figure, Mercedes needs to substantially outperform the market. The Chinese car market is currently expected to double by 2020 - five years later.
The goal for Mercedes in China is to reach 300,000 sales by 2015. Continued growth of market should fuel that further, as should launch of ten new cars by 2015.
Mercedes boss Dieter Zetsche said: "These are ten cars that have no predecessor in our line-up, including several new compact cars.
"We're winning new Mercedes fans in new segments - customers we couldn't win with superficial image makerovers. It takes fascinating products."
Mercedes also revealed Smart sales grew by 179 per cent in 2011. A Chinese market 'Dragon Edition' model has been revealed today.