Mercedes-Benz said it is confident that China is a growth market for luxury electric vehicles in the long-term despite its economic recovery not progressing as expected, and that it was sticking to its strategy of not engaging in the price war.
“I don’t think we should buy market share in China with irrational actions on the pricing side. It’s not our general policy,” CEO Ola Kallenius said Thursday on an analyst call following second-quarter results.
Asked about Volkswagen’s move to