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Daimler Truck begins producing Mercedes-Benz branded trucks in China

BERLIN (Reuters) - Daimler (OTC:DDAIF) Truck has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant...
Daimler Truck begins producing Mercedes-Benz branded trucks in China © Reuters. FILE PHOTO: A new Daimler AG, FUSO battery-powered eCanter urban delivery truck is unveiled during a news conference in New York City, U.S. September 14, 2017. REUTERS/Brendan McDermid/File Photo
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BERLIN (Reuters) - Daimler (OTC:DDAIF) Truck has begun producing 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, the truck and bus maker said.

China is the world's biggest market for heavy trucks, with around 1.5 million units sold in 2021 - more than in the U.S., Japan and Europe combined, according to data from German car association VDA.

But the market is largely dominated by local companies including FAW's Jiefang, Dongfeng Motor and Sinotruk, which offer more price-competitive products.

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

A company representative declined to disclose production targets. A document seen by Reuters in 2020 on plans for the revamp of the joint plant to begin heavy truck production said the target was to produce 50,000 Actros trucks a year.

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03-10-2022 19:03:18 (UTC+7)

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0.9759

-0.0040 (-0.41%)

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0.6456

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    EUR/USD 0.9759 Sell  
    GBP/USD 1.1214 ↑ Buy  
    USD/JPY 144.88 ↑ Sell  
    AUD/USD 0.6456 ↑ Buy  
    USD/CAD 1.3728 ↑ Sell  
    EUR/JPY 141.38 ↑ Sell  
    EUR/CHF 0.9651 Buy  
    Gold 1,674.75 ↑ Buy  
    Silver 19.473 ↑ Buy  
    Copper 3.3738 ↑ Buy  
    Crude Oil WTI 83.17 ↑ Buy  
    Brent Oil 88.71 ↑ Buy  
    Natural Gas 6.510 ↑ Sell  
    US Coffee C 218.15 ↑ Sell  
    Euro Stoxx 50 3,313.35 ↑ Buy  
    S&P 500 3,585.62 ↑ Sell  
    DAX 12,108.54 ↑ Buy  
    FTSE 100 6,867.45 ↑ Buy  
    Hang Seng 17,079.51 ↑ Buy  
    Small Cap 2000 1,667.27 ↑ Sell  
    IBEX 35 7,400.68 ↑ Buy  
    BASF 40.350 ↑ Buy  
    Bayer 47.61 ↑ Buy  
    Allianz 161.08 ↑ Buy  
    Adidas 117.40 ↑ Buy  
    Lufthansa 5.581 ↑ Buy  
    Siemens AG 99.53 ↑ Buy  
    Deutsche Bank AG 7.446 ↑ Buy  
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# So hôm qua # Chênh TG
SJC Eximbank6,540/ 6,620
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JPY160,53169,94
KRW14,3417,48
Cập nhật lúc 18:18:04 03/10/2022
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