UPDATE 1-China to remain 'super market' into next year - Daimler China chief [Reuters]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
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Source: Reuters
By Reuters Staff 2 Min Read (Adds detail on premium EV sales, background) BERLIN, Nov 25 (Reuters) - Daimler’s China sales will stay strong next year, the carmaker’s China chief said on Thursday, adding he was confident that Mercedes-Benz could grow its share of the country’s electric vehicle market given little competition in the premium car segment. Its car sales in China jumped 12% last year to a record 774,000 despite the pandemic, and over 8% growth has been registered this year so far, Hubertus Troska told journalists. “Everything speaks for the fact that China will be a super market next year as well,” Troska said. Daimler’s market share of electric vehicle sales is still small in China, Troska said, where it competes with numerous Chinese electric vehicle makers from Xpeng to Li Auto and Nio as well as U.S. EV giant Tesla. However, most Chinese companies sell in the price range of 35,000 euros ($39,270) or less, Troska said, below Daimler’s range. With the number of Daimler E
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