Mercedes sales advance 34% on E-class volume
Mercedes-Benz's sales in China and Hong Kong jumped 34 percent year-on-year to 24,937 units in March on strong demand for the long-wheelbase E-class sedan.
For the first three months of the year, Mercedes sales soared nearly 48 percent to 67,058 units.
Despite its strong growth, Mercedes-Benz trails well behind China's leading luxury brand, Audi. Last month, Audi sales rose 37 percent to 47,636 units.
To catch up to Audi, Daimler AG plans to spend 1 billion euros (8.6 billion yuan) to double the production capacity at its plant in Beijing.
Daimler and its joint-venture partner, Beijing Automotive Industry Holding Corp., will produce more than 200,000 units at their Beijing plant next year.
That assembly plant produces the Mercedes C-class sedan, the E-class sedan and the GLK SUV. Next year, it will begin producing the GLA compact crossover.
For the first three months of the year, Mercedes sales soared nearly 48 percent to 67,058 units.
Despite its strong growth, Mercedes-Benz trails well behind China's leading luxury brand, Audi. Last month, Audi sales rose 37 percent to 47,636 units.
To catch up to Audi, Daimler AG plans to spend 1 billion euros (8.6 billion yuan) to double the production capacity at its plant in Beijing.
Daimler and its joint-venture partner, Beijing Automotive Industry Holding Corp., will produce more than 200,000 units at their Beijing plant next year.
That assembly plant produces the Mercedes C-class sedan, the E-class sedan and the GLK SUV. Next year, it will begin producing the GLA compact crossover.
