Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
Federal Judge Signals Possible Dismissal of xAI Lawsuit Against OpenAI 
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Nvidia’s $100 Billion OpenAI Investment Faces Internal Doubts, Report Says 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
Why financial hardship is more likely if you’re disabled or sick 
The ghost of Robodebt – Federal Court rules billions of dollars in welfare debts must be recalculated 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India 
How to support someone who is grieving: five research-backed strategies 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
Mercedes-Benz is eyeing China as a key market for its upcoming 2025 electric vehicle (EV) campaign, as stated by CEO Ola Kaellenius. The focus will be on mastering electric propulsion and digitalization to meet the unique demands of Chinese consumers.
Under a new strategy outlined in 2021, all new vehicle platforms from 2025 onward will exclusively produce EVs. In light of this, Mercedes-Benz has been reviewing models based on the upcoming MB.EA platform to better cater to the needs of local customers. Specific focus areas include space and digital content.
While China remains the primary market for German automakers, local brands currently dominate with an 81% share of the Chinese EV market in 2022, as revealed by Counterpoint Research. Furthermore, Mercedes-Benz has a significant presence in China, with Beijing Automotive Group Co Ltd and Geely Chairman Li Shufu being the company's top two shareholders.
Meanwhile, as part of ongoing efforts to derisk the German economy after Russia invaded Ukraine, Berlin aims to reduce its reliance on China's economy. Despite this, Mercedes-Benz recently announced plans for further investment in China, bolstering Sino-German cooperation. The move is a foundation for joint support in developing new energy vehicles (NEV) and fostering existing partnerships. Acknowledging China's status as the largest car market and the most vibrant NEV market globally, Mercedes-Benz remains committed to contributing to the growth of China's auto industry and strengthening the Sino-German economic partnership.
Additionally, the company is set to expand its research and development activities in China, particularly in car software development. By the end of 2023, the local team is expected to double in size compared to three years ago.
Through these initiatives, Mercedes-Benz solidifies its position in China, capitalizing on its potential as a burgeoning market for EVs while actively supporting Sino-German collaboration and innovation in the automotive industry.
Photo: Ildar Garifullin/Unsplash
