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☆ Xpeng's CEO says most Chinese carmakers will not survive the next decade
▼ + stars: | 2024-11-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

But Xpeng's CEO, He Xiaopeng, says most Chinese carmakers will not exist in 10 years. He predicted that only seven major car companies would eventually be left in China. Xpeng CEO He Xiaopeng doesn't think most Chinese carmakers will survive the next decade. AdvertisementMercedes-Benz CEO Ola Källenius took a similar position to He when asked about the threat posed by Chinese EV makers at the Berlin Global Dialogue conference in October. Chinese carmakers like BYD have also attempted to conquer the global electric vehicle market.

Persons: Xiaopeng, Ola Källenius, Källenius, Stephen Dyer, BYD, Brian Gu Organizations: EV, Singaporean, The Straits Times, Business, CNA, Benz, Berlin Global, Getty, —, Wall Street Journal, Research, BI Locations: China, Xpeng, Thailand, Brazil

☆ BMW CEO: A 2035 gasoline ban will hit the European car industry 'in its heart' and make it reliant on Chinese batteries
▼ + stars: | 2024-10-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

BMW CEO Oliver Zipse says a 2035 gasoline ban will hit the European auto industry. Zipse's warnings come amid fears in the auto industry of a Darwinistic price war with China. AdvertisementA "correction" of the planned 2035 gasoline vehicle ban, Zipse said, would help reduce European OEMs' reliance on China for batteries. This, Tavares said, is because automakers will have to continue to invest in both electric and gasoline vehicles, thus incurring higher costs. Mercedes-Benz CEO Ola Källenius told attendees at the Berlin Global Dialogue conference on October 2 that the Western auto industry is fighting a "Darwinistic-like price war" with their Chinese rivals.

Persons: Oliver Zipse, —, Zipse, weren't, Carlos Tavares, helms, Tavares, Ola Källenius, Källenius Organizations: BMW, Service, Union, Paris Automotive Summit, EU, Zipse, BMW didn't, Business Insider, Western, Chrysler, Fiat, Maserati, Peugeot, Financial Times, European Automobile Manufacturers ' Association, Benz, Berlin Global Locations: China, Europe

☆ Automakers will find themselves in a 'big trap' if the transition toward EVs slows down, Stellantis CEO says
▼ + stars: | 2024-10-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Stellantis CEO Carlos Tavares says automakers will have a tough time if the EV transition slows. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementAutomakers will find themselves in a "big trap" if the industry's transition toward electric vehicles slows down, Stellantis CEO Carlos Tavares said on Monday. "Making a transition for EVs longer is a big trap," Tavares said. AdvertisementSeveral auto chiefs have raised concerns about the rise of Chinese automakers.

Persons: Carlos Tavares, Tavares, —, It's, Stellantis didn't, William Roberts, BI's Tom Carter, Dylan Khoo, BI's Carter, EVs, Khoo, Jim Farley, Ola Källenius, Källenius Organizations: Service, Financial Times, Paris, Financial, Chrysler, Fiat, Maserati, Peugeot, Business Insider, European Automobile Manufacturers ' Association, Rho Motion, ABI Research, Research, BI, Street, Benz, Berlin Global Locations: Europe, Germany, Thailand, Brazil, China

☆ The Western auto industry is now locked in a 'Darwinian' make-or-break battle with China, the chiefs of 2 major automakers warn
▼ + stars: | 2024-10-07 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese. Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May. When it comes to competing in the EV market, Western automakers have been left playing a game of catch-up with the Chinese. Chinese automakers like BYD have been expanding into Southeast Asian countries like Thailand, as well as developing markets like Brazil and Mexico. The crippling trade restrictions effectively shut them out of the US auto market.

Persons: Ola Källenius, Källenius, —, Mercedes, isn't, Jim Farley, Farley wasn't, Farley, John Lawler, Lawler Organizations: Mercedes, Benz, Service, Ford, Berlin Global, EV, Källenius, Business Insider, Wall Street, Changan Automobile, Research, BI, European Union, Financial Times Locations: China, Thailand, Brazil, Mexico, Western

☆ Mercedes Benz ditches plan to sell only EVs by 2030
▼ + stars: | 2024-02-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

In 2021, the German carmaker announced plans only to sell electric vehicles — "where market conditions allow" — by 2030. And, as of Thursday's release, it expects its overall EV sales to reach just 50% by the time 2030 rolls around. During a September interview at the Munich car show, Mercedes CEO Ola Källenius first hinted at a more narrow outlook for the EV market. AdvertisementMercedes expects its EV sales to account for about 19% to 21% of new car sales this year. Mercedes isn't the only automaker that is reevaluating its EV plans.

Persons: Mercedes, Ola Källenius, It's, Mercedes isn't, Harald Wilhelm Organizations: Benz, carmaker, EV, Mercedes, Reuters Locations: Munich

☆ Mercedes-Benz is working through supply chain challenges, CEO says
▼ + stars: | 2024-02-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes-Benz is working through supply chain challenges, CEO saysMercedes-Benz CEO Ola Källenius discusses the German carmaker's full-year 2023 earnings report and explains how the company is navigating "exceptional levels of uncertainty."

Persons: Ola Källenius Organizations: Mercedes, Benz

☆ From BMW to Porsche: Take a look at the cars on display at one of the world's biggest auto shows
▼ + stars: | 2023-09-08 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +6 min

BMW Vision Neue KlasseBMW revealed the BMW Vision Neue Klasse, a concept electric vehicle that will underpin its foray into battery-powered cars. Mercedes-Benz Vision One ElevenThe Mercedes-Benz Vision One Eleven on display at the IAA Mobility show in Munich, Germany. GTI ConceptThe all-electric Volkswagen ID GTI Concept car on display at the IAA Mobility 2023 show in Munich, Germany. Porsche Mission XThe Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany. Lego Lamborghini Sián FKP 37A Lego version of the Lamborghini Sián FKP 37 on display at IAA Mobility 2023 in Munich, Germany.

Persons: Olaf Scholz, Ola Källenius, Mercedes, Sven Hoppe, Arjun Kharpal, Leapmotor, Zhu Jiangming, BYD, Warren Buffett, Kharpal, Lucid, Cyberster Organizations: Management, Mercedes, Benz AG, Getty, Mobility, BMW, Neue, CNBC, Benz, IAA, Leapmotor, Opel, CNBC Stellantis, Air, Volkswagen, IAA Mobility, Porsche, Carrera GT, Shanghai Auto, Lamborghini Locations: Munich, GERMANY, Germany, Xpeng, BYD, Hangzhou, Europe

☆ Mercedes unveils new electric vehicles with better range than any Tesla model
▼ + stars: | 2023-09-04 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

London CNN —Mercedes-Benz has just unveiled new “close-to-production” concept vehicles that could outdo Tesla cars by going more than 466 miles on a single charge. That’s compared with a range of less than 380 miles for any Tesla model. The German automaker’s Concept CLA Class, revealed Sunday at the IAA Mobility auto show in Munich, comprises four new models: a sedan, a station wagon and two SUVs. The vehicles will each have a range of more than 750 kilometers (466 miles), versus Tesla’s (TSLA) Model 3 and Model S, which have the brand’s highest ranges and each can go for just under 375 miles off one charge. Overall, charging speed and range are expected to be improved by up to 30% compared with the brand’s previous models, according to the company.

Persons: London CNN — Mercedes, Tesla, ” Frank Weber, Mercedes, Ola Källenius, Roger Federer, Källenius, Mercedes ’, “ Organizations: London CNN, Benz, IAA, BMW, Volkswagen, Renault, Europe’s, “, Neue, Mercedes, Roger Federer Sunday, UBS Locations: Munich, Berlin, Hamburg, Mercedes ’

☆ BMW, Mercedes launch biggest EV push yet to catch Tesla with new models
▼ + stars: | 2023-09-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

BMWMUNICH, Germany — BMW and Mercedes are making their biggest push yet into electric cars in a bid to fend off rising competition from Chinese players and catch up with U.S. giant Tesla . On Saturday, rival BMW showed off the "Vision Neue Klasse," another electric concept car that highlights the company's EV ambitions. This is the companies' biggest push yet toward a new platform for the electric vehicle era. Tesla commanded 20% of the global EV market in the second quarter, followed by 15% for BYD, according to Counterpoint Research. GTI Concept electric vehicle at the IAA show, and said a production version of the car is scheduled to hit the road in 2027.

Persons: Warren Buffett, BYD, Elon Musk's Tesla, Mercedes, Ola Kallenius, Kallenius, CNBC's Annette Weisbach, Oliver Zipse, CNBC's Arabile, Zipse, Daniel Roeska, Roeska, Tesla Organizations: BMW, IAA, BMW MUNICH, Mercedes, IAA Mobility, Benz, Analysts, Bernstein Research, CNBC, Tesla, BYD, Research, U.S ., EV, Volkswagen Locations: Munich, Germany, Tesla, China

☆ Mercedes to release a 'little' G-Class in a 'few years,' CEO says
▼ + stars: | 2023-09-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes to release a 'little' G-Class in a 'few years,' CEO saysSpeaking at the IAA motor show, Mercedes CEO Ola Källenius talks to CNBC's Annette Weisbach about plans for a "little" G-Class, as well as the path to zero emissions and the future of the brand.

Persons: Mercedes, Ola Källenius, CNBC's Annette Weisbach Organizations: IAA

☆ Mercedes to release a smaller version of its G Class luxury SUV
▼ + stars: | 2023-09-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Mercedes-Benz G Class is a luxury SUV that has become popular in the U.S.Mercedes plans to launch a smaller version of its high-end G Class sports utility vehicle, the German carmaker's CEO told CNBC in an interview Sunday. The G Class, a rugged off-road car which starts at just under $140,000, is popular with buyers in the U.S. Now Ola Kallenius, CEO of Mercedes, confirmed a "little G" is on the horizon, a smaller version of the G Class. The G Class is known for being difficult to get your hands on, with Mercedes controlling the supply of the luxury off-road car. "The G Class is an icon, it is difficult to get one.

Persons: Mercedes, Ola Kallenius, Kallenius, CNBC's Annette Weisbach, Bentley Organizations: Mercedes, Benz, CNBC, Rover Locations: U.S

☆ A marathon, not a sprint: Mercedes-Benz CEO outlines challenges in shift to EVs
▼ + stars: | 2023-07-28 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +2 min

The shift to zero-emission mobility should be viewed as a marathon not a sprint, according to the CEO of Germany's Mercedes-Benz. His comments came as the Mercedes-Benz Group reported earnings for the second quarter this week. "We have a whole host of our, so to speak, first generation electric vehicles on the market now," Kallenius told CNBC Thursday. "So we are bullish on electric vehicles and zero emission driving and we're putting billions into it," he added. "In this case, our production network is flexible to produce both high-tech electrified combustion engines and electric vehicles," he added.

Persons: Germany's Mercedes, Ola Kallenius, CNBC's Annette Weisbach, Kallenius, Mercedes, Benz's EVs Organizations: Benz, Benz Group, CNBC

☆ Mercedes-Benz CEO talks product pipeline, China and India
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes-Benz CEO talks product pipeline, China and IndiaMercedes-Benz CEO Ola Källenius made his comments during an interview with CNBC's Annette Weisbach.

Persons: India Mercedes, Ola Källenius, CNBC's Annette Weisbach Organizations: Mercedes, Benz Locations: China, India

☆ France inaugurates first of four gigafactories in the north
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

[1/4] French Finance Minister Bruno Le Maire visits the gigafactory of Automotive Cells Company (ACC), a joint venture of Stellantis, TotalEnergies and Mercedes, during its inauguration in Billy-Berclau-Douvrin, northern France, May 30, 2023. REUTERS/Pascal Rossignol/PoolBILLY-BERCLAU, France, May 30 (Reuters) - France will inaugurate on Tuesday a battery-making gigafactory, the first of four such plants European and Asian companies plan to build in the north of the country. It highlights the race between European governments to attract global car makers as they seek to bring the supply of components for electric vehicles closer to their main markets. French President Emmanuel Macron, who personally lobbied to secure at least one the gigafactories in the Dunkirk region, has set a production target of 2 million electric vehicles made in France by 2030. ($1 = 0.9084 euros)Reporting by Gilles Guillaume, writing by Silvia Aloisi; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Such efforts to attract foreign investment come as the pandemic and geopolitical tensions push companies to diversify their supply chains away from China. The Commerce Ministry said Thursday that for the first time, it would launch events for an "Invest in China Year." Apple later said the Zhengzhou factory disruptions would delay deliveries of some iPhone 14 models. He also noted "serious challenges" to attracting foreign investment. Those include unfair competition with local players in China due to industrial policies, lack of legal protection for foreign business in China and geopolitical risks, Wang said.

☆ VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says
▼ + stars: | 2023-02-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fabian BimmerBERLIN, Feb 19 (Reuters) - German carmakers Mercedes-Benz (MBGn.DE) and VW (VOWG_p.DE) have urged the government to do more to scale up the number of electric vehicle charging stations across the country, German paper Bild am Sonntag wrote on Sunday. "To speed up the change (to electric vehicles), we need to be sure that the charging station infrastructure is being built up," Mercedes-Benz Chief Executive Ola Kallenius was quoted as saying by the paper. VW Chief Executive Oliver Blume agreed more speed was needed and that the construction of charging stations was "a common task of the economy, federal government and communes". Industry associations, which have long complained the government has not kept pace with the rapid expansion of electric vehicles, said the implementation of the proposals was key. "The future of the car is electric," Kallenius was quoted as saying.

☆ Mercedes presented record FY results in challenging environment, says CEO
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes presented record FY results in challenging environment, says CEOOla Kallenius, CEO of Mercedes, discusses the company's strong earnings reported for 2022, despite the challenges of the global energy crisis and supply chain shortages.

☆ Mercedes-Benz flags market uncertainty despite 2022 earnings boost
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: +2 min

The Mercedes star logo is seen in front of the Mercedes-Benz customer center in Sindelfingen, southwestern Germany, on February 13, 2023. Mercedes-Benz Group on Friday beat analysts' forecasts with annual earnings of 20.5 billion euros ($21.80 billion), but the premium carmaker warned of lower earnings this year due to economic uncertainty. The company hit its forecast of a 13%-15% adjusted return on sales in the cars division, reporting a 14.6% margin for 2022. But it forecast a lower adjusted return of 12%-14% on sales for the cars division in 2023 and group earnings slightly below 2022, even though sales at the Mercedes-Benz Cars business are expected at the same level. Roughly 50% of the company's annual portfolio is financed, he said, meaning that higher rates will have an impact.

☆ From Apple to VW, CEOs Gradually Returning to China After Its Reopening
▼ + stars: | 2023-02-12 | by ( Dan Strumpf | Yoko Kubota | ) www.wsj.com time to read: 1 min

Volkswagen CEO Oliver Blume was among the first top executives from a multinational company to visit China since it scrapped most of its border restrictions. BEIJING—Top executives from multinational companies are trickling back into China with the country’s reopening, as Beijing seeks to restore confidence from global businesses in its struggling economy and attract investments. Volkswagen AG’s chief executive visited China from late January to early February, the company said, while Apple Inc. CEO Tim Cook and Pfizer Inc. CEO Albert Bourla are expected to visit next month, people familiar with the matter said. Ola Källenius , Mercedes-Benz Group AG’s chairman, also plans a visit to China, the company said.

☆ Mercedes CEO: 'absolutely inconceivable' to write off China
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Nov 7 (Reuters) - Mercedes-Benz (MBGn.DE) Chief Executive Ola Källenius on Monday spoke out against distancing oneself from China, saying it was "absolutely inconceivable" to write off the country. The comments came days after German Chancellor Olaf Scholz led a delegation of business leaders to China, urging German companies to diversify should the relationship between the two countries sour. Källenius, speaking at an event at Berlin's ESMT business school, said he was deeply convinced of the benefits of globalization and that it was absolutely right for Scholz to be the first Western leader to visit President Xi Jinping recently after his term extension. "To back away from China because something might happen would be the wrong direction," Källenius said. Reporting by Ilona Wissenbach; Writing by Tom Sims; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

☆ Mercedes CEO says Europe’s gas crisis will accelerate its shift to renewables
▼ + stars: | 2022-10-17 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN Business —Europe’s gas crisis will be “a catalyst” for Mercedes-Benz to push deeper into clean energy, says its CEO. The German government had already set in motion a crisis management plan that could see rationing gas to businesses if that happened. The group has also signed on to use a wind energy facility in the Baltic Sea that will “add another 25%” of capacity, said Källenius. “We’re going to diversify, we’re going to make ourselves more resilient, and of course we’re going to go carbon-free,” he added. The company unveiled the electric vehicle Sunday at the Paris Motor Show, as part of efforts to further diversify its lineup.

☆ Mercedes CEO: Sales in China robust despite 'zero Covid' policy
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes CEO: Sales in China robust despite 'zero Covid' policyDiscussing the automaker's sales performance in China, Mercedes-Benz CEO Ola Kallenius said "all operations are quite stable."

☆ Mercedes-Benz CEO: 'Momentum building' for EVs despite rising cost of electricity
▼ + stars: | 2022-10-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMercedes-Benz CEO: 'Momentum building' for EVs despite rising cost of electricityOla Källenius discusses the launch of Mercedes' new EQE SUV in the latest push toward versatile electric vehicles amid a period marring the auto industry with ongoing challenges in supply chain shortages and a worsening European energy crisis.

☆ Mercedes-Benz CEO says luxury drivers will help spur the transition to electric vehicles
▼ + stars: | 2022-10-06 | by ( John Rosevear | ) www.cnbc.com time to read: +2 min

A charging port is seen on a Mercedes Benz EQC 400 4Matic electric vehicle at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. "I really believe that in this decade, we will flip from being based upon high tech internal combustion engines to going dominant electric, if not all electric, in the luxury segment." Mercedes plans to sell its electric vehicles alongside internal-combustion models for at least several more years. But Kallenius expects that most of Mercedes' affluent customers will favor the electric versions in time. "As long as you give the customer a superior product to what they had before, they're open minded for a switch" to electric models, he said.

Cu câteva premiere importante în industria auto și o serie de inovații care îți arată că discutăm de un S Classe pentru 2021, noul Mercedes Benz EQS este complet electric, are 5,21 metri lungime, 1,92 metri lățime și 1,51 metri înălțime. Deși nu a fost comunicat oficial, se estimează că va depăși 100.000 de euro prețul de achiziție. Autonomia de la Mercedes Benz EQS este însă un record în industrie, 770 de kilometri departe de priză. Acesta asigură o autonomie de nivel 3 a condusului pe străzi fără o intervenție din partea șoferului. De asemenea, o altă versiune, cu 560 kW, va fi lansată ca echipare de top în viitor.

Persons: Tesla, Ola Kallenius Organizations: Mercedes Benz, Porsche Taycan, Audi, BMW iX, Mercedes Benz EQS, Daimler, Mercedes Locations: Germania

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