Mercedes Loses Ground in China's Premium Auto Market

Mercedes-Benz Group AG sold only 1,153 units in China during the first half of 2026, significantly trailing Xiaomi Corp.'s sales of over 80,000 SU7 sedans. This poor performance mirrors challenges faced by competitors like BMW AG, Volkswagen AG, and Porsche AG, all of whom reported second-quarter sales declines of at least 30%, surpassing the overall market's drop.