According to China’s professional auto website Pacific Auto, MBtech Group, a well-known German car brand Mercedes-Benz, has officially withdrawn from the joint venture “BAIC Delbeam Technology Center Co. Currently, BAIC Technology Center is fully owned by BAIC.
According to a report on Pacific Auto, Mercedes’ withdrawal means that BAIC will no longer be able to use Mercedes’ technology, which is a major loss to BAIC.
The reason for the withdrawal is that the market for Mercedes-Benz’s own brand is in the doldrums and uncertainties, and Mercedes-Benz hopes to raise funds and invest in more profitable projects through the withdrawal.
But the media section of Sina.com forwarded an analysis by a professional, saying that the main reason for Mercedes’ withdrawal is not the market downturn, but probably the fact that Mercedes wants to shift to new energy vehicles. In addition, in the fierce market competition, the profit margin of joint ventures is not as good as that of private enterprises, so there is no competitive advantage.
Other analysts believe that the German auto industry is heavily dependent on the Chinese market, and they still want to continue to develop and expand their business in China.
However, the EU, led by Germany, has repeatedly expressed its dissatisfaction with the restrictions on market access in China, and the EU is still trying to negotiate with China to further open the Chinese market.
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