Mercedes-Benz faces financial pressure and market challenges

In 2024, the company's global operating income was 145.594 billion euros, a year-on-year decrease of 4.5%; net profit after tax was 10.409 billion euros, a year-on-year drop of 28.4%. Against the backdrop of the accelerated transformation of the global automotive market to electrification, Mercedes-Benz's electric vehicle sales performed poorly. Last year, the annual delivery volume of pure electric models was 185,100 units, a year-on-year drop of 23%. As Mercedes-Benz's largest single market in the world, sales in China fell 7% year-on-year in 2024.