Daimler and Foton Invest for Brighter Future in China — Panjiva
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Daimler and Foton Invest for Brighter Future in China

China 2971 Cons. Discr. - Autos 1179

Daimler plans to build its own-brand Mercedes trucks in China from 2020 with partner Foton. Currently imports of Mercedes goods vehicles and trailer tractors account for just 0.7% of Daimler’s exports to China, Panjiva data shows. It had an import market share of 6% in the third quarter behind Volvo and Scania. Foton will also be looking for new export opportunities. Its exports fell 20% on a year earlier in the six months to September 30, driven by a 34% drop in goods vehicle shipments.

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