Markets

Daimler Sees Strong Chinese Demand To Continue In 2022

November 25, 2021 — 07:57 am EST

Written by RTTNews.com for RTTNews

(RTTNews) - 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.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Markets

Latest Articles
Data is currently not available