"Hey Mercedes, are you OK?"

[Atonchia]

On 11/21/2020 at 3:28 PM, Carbon82 said:

Those who still cannot get over the fact that more high end products are now manufactured in China can bid good bye to Mercedes in the next few years!  

Daimler, Geely mull China as production hub for hybrid powertrains

FRANKFURT (Reuters) - Daimler AG DAIGn.DE and Geely Holding on Friday said China could emerge as a manufacturing and export hub for hybrid powertrains jointly developed for Volvo and Mercedes-Benz cars.

Earlier this week the German car maker said it will cooperate with China’s Geely [GEELY.UL] to build next-generation combustion engines for use in hybrid vehicles.

The engines will be produced in China as well as in Europe, and Geely and Daimler will cooperate in engineering, sourcing and production, the companies said in a joint press release.

“The export of the engine from China is considered to be an option,” the release further said.

Mercedes-Benz aims for more than half of its passenger car sales to be comprised of plug-in hybrids or purely electric vehicles by 2030.

An Conghui, President of Geely Holding Group, President and CEO of Geely Auto Group said: “This project reflects the need for economies of scale and targeted research and development investment in clean and highly efficient powertrains and hybrid drive systems and their applications.”

Seems like automobile industry is going through changes like photography industry did 20 years ago. 

We saw the collapsed of Kodak bcos they said digital camera will be too expensive for consumer. Irony was they invented the 1st digital camera. Kept thinking film will persist...... 

Luckily Daimler making the right move. 

Edited November 23, 2020 by Atonchia

[Jamesc]

Twins.

 

Edited December 27, 2020 by Jamesc