Mercedes-Benz, partners to invest nearly $2 billion to expand portfolio of locally produced vehicles in mainland China
German automaker has invested more than 100 billion Chinese yuan in mainland China with local partners from 2014 to 2023
Mercedes-Benz has announced plans to invest over 14 billion Chinese yuan ($1.97 billion) alongside local partners in mainland China to expand its localized portfolio of cars and vans, The Global Times reported on Sept. 4. Starting in 2025, the German automaker aims to localize production of new vehicle models, including the all-new long-wheelbase electric CLA, a long-wheelbase derivative of the GLE sport utility vehicle (SUV), and a luxury electric van model based on the VAN.EA architecture.
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