With China’s soaring demand for luxury cars, it has become a magnet for luxury car makers.
And now China’s state-run auto maker, Daimler, is hoping to tap into this demand by offering luxury car parts online.
A few weeks ago, Daejie Auto Group, which owns Mercedes-Benz, Volvo, and Porsche, launched an online shopping service.
In its latest earnings report, DAEJIE reported its first profit in three years.
The company’s chief executive, Yu Han, said his company has been building its reputation as a car manufacturer for years.
The company is also building a relationship with China’s biggest car-parts supplier, Dalian Wanda Group, to supply parts for the company’s next-generation Mercedes-AMG E-Class luxury sedan.
In December, DAB announced that it was opening a Shanghai factory to make Mercedes-branded parts.
But the move comes at a cost.
In the United States, Dab sells cars and parts online through several car-part sellers.
The U.S. government has said it will impose new sanctions on Chinese companies that are not complying with U.N. sanctions against Beijing.