Mercedes and Chinese partners are investing €3bn to fuel growth in the Chinese market
23 April 2012

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.

>

Enjoy the week's top pictures in our free Car Pics iPad app - great high-res photography (1024x768 pixels) exclusive to the iPad

Download the Car Pics app for your iPad now

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Volvo V90
    First Drive
    19 October 2017
    The Volvo V90 is a big estate ploughing its own furrow. We’re about to see if it is refreshing or misguided
  • Kia Stonic
    First Drive
    18 October 2017
    Handsome entrant into the bulging small crossover market has a strong engine and agile handling, but isn’t as comfortable or complete as rivals
  • Hyundai Kona
    First Drive
    18 October 2017
    Hyundai's funky-looking Kona crossover with a peppy three-cylinder engine makes all the right noises for the car to be a success in a crowded segment
  • Citroën C3 Aircross
    First Drive
    17 October 2017
    The Citroen C3 Aircross has got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq