Daimler Should Capitalize on China’s Demand for EV and Hybrid Vehicles
China is now one of the countries that automakers are focusing on because of the high demand of the area in automobiles. According to Forbes, the automotive market of the region is fast growing. In fact, it is projected to have 30% share in terms of global sales by the end of the decade. It’s no wonder why luxury brand like Mercedes-Benz, Audi and BMW are also putting much effort in strengthening their hold in the area. However, the increasing number of vehicles in the country has alarmed local regulators as it triggered a number of problems like heavy traffic and pollution. As a result, the Chinese government is currently… Continue Reading »