The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage. The opinions expressed are those of the author and do not represent the views of TheStreet or its management.NEW YORK (
Daimler is also targeting the electric vehicle market though a 600-million-yuan joint venture between Daimler and BYD Co, the Shenzhen based automobile manufacturer, wherein a new electric vehicle will be created specifically for the requirements of the Chinese market. After years of phenomenal growth, some coastal markets are getting saturated and competition is heating up as more than 100 car manufacturers are clamoring to get a slice of the Chinese automotive market. Existing luxury cars such as GM's Buick offer stiff competition to Daimler's Mercedes-Benz S-Class cars. Also several new brands such as Baojun is planned to be launched in 2011 which will compete directly with Daimler for space in the Chinese car market.
full estimates for Daimler. Like our charts? Embed them in your own posts using the Trefis Wordpress Plugin.