German Luxury Trio’s Steep ICE Discounts Fail to Offset Sluggish China EV Sales
BMW and rivals face pressure from falling prices and a shift toward new energy vehicles in China’s luxury market, struggling to adapt effectively.
Latest in EV news, technologies, data and insights from China market
BMW and rivals face pressure from falling prices and a shift toward new energy vehicles in China’s luxury market, struggling to adapt effectively.
Mercedes-Benz’s second-quarter 2026 report showed decreased revenue, but profitability improved amid declining Chinese sales.
Mercedes-Benz has paused production of the CLA L EV in China due to weak sales, highlighting challenges in the competitive EV market.
Mercedes-Benz launched the electric GLC SUV in China, aiming to penetrate the competitive EV market with various trim options and advanced technologies.
Mercedes-Benz’s Q2 2026 sales declined 6% globally, primarily due to a 30% drop in China.
Germany seeks to negotiate against EU tariffs on Chinese electric vehicles, aiming for a compromise before July 4.
Mercedes-Benz China plans significant layoffs to cut workforce due to declining sales and profits.
Mercedes faces strong backlash in China due to software updates reducing EQC battery capacity and driving range, prompting legal action from owners.
Hesai Technology’s Q1 2026 revenue was RMB 680 million, with significant LiDAR growth and partnerships.
According to its roadmap, Mercedes-Benz plans to launch more than 40 new models globally by 2027, including seven China-exclusive models.