Chinese auto market 2020 is moderately positive: Daimler-BAIC’s CEO

On Wednesday, the CEO of Daimler-BAIC’s joint venture’s stated, he views the Chinese auto market in 2020 as “moderately positive”; his assessment is based on its April sales performance in China.

Daimler-BAIC’s CEO Arno van der Merwe made the comments during a visit to the Beijing Benz Automotive Co’s plant.

He did not comment on the likelihood of the joint venture revising its 2020 sales target, saying production had returned to normal levels following it being affected by containment measures by the coronavirus.

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