Mercedes-Benz says ‘strengthening position’ in China

The company said, “Mercedes-Benz (MBGYY) is strengthening its position in China with a focused plan that expands local R&D partnerships and accelerates next-level localisation across the supply chain, innovating in China for China. Building on a strong 7 million customer base, direct customer insight continues to shape China-specific models, which include top-tier intelligence and technologies across both ICE and BEV portfolios. A unique ecosystem of leading partnerships, including Momenta and ByteDance, accelerates innovation for customers in China and beyond. Further elevating the Chinafit technology roadmap, L2 Urban/Highway Navigation defines safety engineering in ADAS for a true Mercedes Benz experience, codeveloped with Momenta. By 2027, Mercedes-Benz and its local Joint Venture target a streamlined, highly efficient value chain and operations, achieving -10% local material costs, -20% variable production costs, and -20% fixed costs versus 2024 levels, as well as continuous network optimisation and efficiency measures.”