- The global automotive market is seeing intensifying competition, with Europe struggling while China experiences strong demand for NEVs.
- German carmakers are struggling with market shifts in Europe as Chinese manufacturers, including Chery, seek production partnerships and gain market share.
Mercedes-Benz Group is navigating intense market pressures, including declining market share in China, capacity reductions in Germany, and increased competition in Europe.
4 reports, 3 independent
Updated Sep 21
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What happened
Mercedes-Benz Group is navigating intense market pressures, including declining market share in China, capacity reductions in Germany, and increased competition in Europe.
Who's involved
What this event is mainly aboutKeep exploring
Part of
German carmakers are struggling with market shifts in Europe as Chinese manufacturers, including Chery, seek production partnerships and gain market share.Also in this story
- Changan Automobile is expanding its product portfolio and local operations in Europe.
- Amid market shifts, the European Commission is preparing economic security measures as Chinese sales boost the European market, with Germany being the largest new car market.
- Volkswagen Group is facing market challenges in Europe, operating major plants in Germany, while contending with the competitive pressures from companies like BYD and the impact of market decline in China.
- Chinese EVs are capturing nearly 10% of European car sales, threatening legacy automakers, while BYD explores factory locations in Spain and Hungary.
The entities involved
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Mercedes-Benz Group
German automotive manufacturer
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Europe
terrestrial continent located in north-western Eurasia
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China