Mercedes Plans Big Chinese Investment, Including Locally-Built GLE LWB

Mercedes-Benz is investing €1.8 billion to counter a 9% sales drop in China this year. A new extended-wheelbase GLE will be produced locally in China, not imported from the U.S. The next-gen CLA and an all-electric V-Class are part of Mercedes' expanding Chinese lineup Mercedes-Benz is gearing up for a massive investment in its Chinese operations, aiming to turbocharge local sales with a particular emphasis on SUVs. China has long been a crucial market for luxury automakers.

8 billion are being readied alongside joint venture partners. A source recently told Handelsblatt that an extended-wheelbase version of the popular GLE is in the works. This news isn’t just significant because LWB vehicles are a hit in China; it’s also because this model will be developed and produced locally, unlike the standard GLE which is imported from the U.S. The new GLE’s wheelbase is expected to stretch by about 11.8 inches .

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Company Plans To Enter The Volatile Auto Industry With Chinese PartnerI have written or edited about the auto industry on and off (mostly on) since 1985, first at The Indianapolis Star then, for more than a dozen years, at Bloomberg News in Detroit, followed by almost nine years at SME Media.
Источник: ForbesTech - 🏆 318. / 59 Прочитайте больше »