Spending 10.5 billion in 5 years, Mercedes-Benz is stuck in China? | First-line car news

China Finance Online
2024.08.05 10:31
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Mercedes-Benz is increasing its localization research and development investment in the Chinese market to drive innovation in the smart car sector. Over the past five years, Mercedes-Benz has invested over 10.5 billion RMB in research and development in China, with a local R&D team of over 2,000 people. Mercedes-Benz has established the most comprehensive R&D team outside of Germany in China, achieving a dual-engine layout of innovation research and development in Beijing and Shanghai. The research and development achievements of the Chinese team in areas such as smart cockpits and autonomous driving are also being applied to global markets. In the future, Mercedes-Benz will also increase its technological investment in the new energy sector