Daimler Truck started production of Mercedes-Benz branded trucks in China

Daimler Truck started production of Mercedes-Benz branded trucks in China

BERLIN (Reuters) – Truck and bus maker Daimler (OTC) said the trucks have begun production of Mercedes-Benz-branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China’s Foton Motor Co in Beijing on Friday. .

China is the world’s largest market for heavy trucks, with about 1.5 million units sold in 2021 — more than the United States, Japan and Europe combined, according to data from the German Automobile Association VDA.

But the market is largely dominated by domestic companies including FAW’s Jiefang, Dongfeng Motor and Sinotruk, which offer more competitively priced products.

Daimler Truck has so far only produced the joint venture brand, Auman, in China, while Mercedes-Benz trucks imported from Germany sell at a higher price.

The company representative refused to disclose production targets. A document seen by Reuters in 2020 on plans to renovate the joint plant to start production of heavy trucks said the goal was to produce 50,000 Actros trucks annually.

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