...some EU car makers actually pushed back against tariffs on Chinese EVs.
...probably they see the only option to compete effectively against Chinese EVs is to make them in China.
...produce in China, using lithium in China; they won't be paying more for lithium either
For decades, Mercedes, BMW and Audi enjoyed extraordinary growth and profits in China. That era appears to be over. Sales 1H 2024 BMW -5% Mercedes -6% VW Group -20% (VW + Audi + Porsche) Mercedes investing $$$ to ignite a comeback.
Stuttgart will be swimming upstream against a powerful current.
Mercedes-Benz Plans $2 Billion Joint Investment in China to Regain Lost Groundhttps://x.com/dunne_insights/status/1832862274039726364
