German auto executives share confidence in China

Top executives of Mercedes-Benz and BMW said they are confident in their long-term development in China, the world's largest vehicle market, and would like to scale up their presence in the country.

Ola Kaellenius, chairman and CEO of Mercedes-Benz, said China plays a crucial role in the company's global strategy. This year alone, it is introducing 21 models into the Chinese market.

He made the remarks at the 2022 World Intelligent Connected Vehicles Conference that concluded last week.