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Mercedes-Benz Eyes 600K China Sales

16 Apr

Summary

Mercedes-Benz targets 500,000-600,000 annual sales volume in China.
The automaker anticipates high single-digit margins in China long-term.
These targets were revealed by the CFO at the annual shareholder meeting.

Mercedes-Benz is strategically targeting substantial growth in the Chinese automotive market. The company's Chief Financial Officer, Harald Wilhelm, announced that the medium-term objective is to achieve an annual sales volume ranging between 500,000 and 600,000 vehicles.

Furthermore, Wilhelm indicated a positive outlook on profitability within the region. Mercedes-Benz expects to secure margins in the high single digits in China over the same medium-term period. These forward-looking statements were shared during the company's annual gathering with shareholders, underscoring a clear commitment to expanding its presence and financial performance in China.

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