The German company will collaborate with two local partners to produce a new series of passenger vehicles amid falling Chinese sales

Traditional luxury car brands BMW, Mercedes-Benz, and Audi (BBA) face increasing competition in China from domestic manufacturers like BYD, Huawei, Nio, and Li Auto, especially in the luxury segment (over 300,000 yuan). BBA's sales in China have declined in early 2024 due to fierce market price wars and competition from domestic new energy vehicles (NEVs), leading to severe financial and operational challenges for dealerships. BBA is enhancing local R&D efforts and adjusting strategies to combat competition, but Chinese brands are rapidly improving, challenging BBA's market dominance with innovative features and competitive pricing.

The German carmaker will team up with battery giant CATL and a recycling specialist to extract and reuse key elements from its power cells

German auto giant brings price of its top EQS model down by $33,000 as stiff competition and low headroom in the back weigh on demand

Debrecen plant to build enough batteries per year to power more than a million cars; Automakers BMW, Stellantis, and Volkswagen on board as customers

New export rules for data to be implemented in September, Shanghai launches ‘metaverse’ plan

Nio Capital raises $400 million for its new tech fund, Microsoft’s search engine Bing suspends feature

TuSimple to split in two, Chinese company to make Benz batteries

Deutsche Bank joins its global peers with link to the Beijing Stock Exchange. BYD raises the price of its electric vehicles again

A subsidiary of the Shanghai-based company will power a new generation of the German automaker’s all-electric SUVs

U.S. company's continuing market dominance makes local producers nervous as government subsidies wind down

More flights from Japan and South Korea to China. The U.S. intends to purge "untrusted" Chinese apps

Chinese battery-maker is required to provide cells, modules and systems that are produced with net-zero carbon dioxide emissions

Sales for high-end brands like Mercedes and BMW collectively grew 27% in June, taking a record 14.8% of the domestic market for the month

Luxury-car maker says profits were never the main focus for its first ‘Mercedes me’ China outlet, as it prepares to hand over the concept domestically to a third-party operator

German firm seems poised to tie-up with SAIC as it pushes to regain share lost to hometown rivals in world’s biggest market

Beijing plans to boost import duty for U.S.-made cars to 40% from 15% effective December 15 in retaliation for new U.S. tariffs