Market & Industry
Mercedes-Benz seeking higher localization rate in China
Shanghai October 26 (Gasgoo.com) Daimler AG Chief Executive Dieter Zetsche announced on October 22 that Beijing Benz Automotive Co will expand its production capacity to 200,000 units, and meanwhile reduce the proportion of imported Mercedes-Benz models in the Chinese market to 30% from the previous 70%, seeking a higher localization rate in China, the National Business Daily reported Tuesday.
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