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Mercedes-Benz's EBIT in the first quarter decreased by 41% year-on-year, as performance expectations were abandoned due to tariff impacts.
Mercedes-Benz Group announced on Wednesday that the profit margin for its auto business in the first quarter of this year has decreased, warning that tariffs could impact its annual earnings as trade tensions have forced it to abandon its outlook. The German luxury Auto Manufacturer reported that its auto division's profit margin in the first quarter was 7.3%, down from 9% in the first quarter of last year. The group's EBIT fell 41% year on year to 2.3 billion euros (approximately 2.62 billion dollars). The company stated in a press release, "Currently, the volatility of tariff policies, mitigation measures, and the resulting potential direct and indirect impacts are too uncertain."
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Chongqing Sokon Industry Group Stock is going public in Hong Kong: In 2024, 0.3871 million vehicles will be delivered, and the Net income will be 5.9 billion yuan, marking the first time it has turned a profit.
Sina Technology reported on the evening of April 28 that Chongqing Sokon Industry Group Stock submitted its IPO prospectus to the Hong Kong Stock Exchange today. The prospectus shows that the total delivery volume of the Wenjie brand reached 0.3871 million vehicles in 2024, with a year-on-year growth of 268%. In 2024, Chongqing Sokon Industry Group Stock recorded a Net income of 5.9 billion yuan, achieving profitability for the first time. The prospectus introduced that Chongqing Sokon Industry Group Stock is a technology-based enterprise with new energy as its core Business, mainly involved in the research and development, manufacturing, sales, and services of new energy vehicles and core electric drive products. In 1986, the company began its first entrepreneurial venture with a focus on springs and shock absorbers and expanded into the motorcycle business.
The Deep Blue S09 is now available for pre-sale: equipped with Huawei's Qiankun smart driving, starting at 0.2399 million yuan.
Sina Technology reported on the evening of April 26 that the brand new mid-large luxury SUV under Deep Blue Autos, the Deep Blue S09, has begun pre-sale, with five models launched and a pre-sale price range of 0.2399-0.3099 million yuan. The Deep Blue S09 features a "2+2+2" six-seat layout, with body dimensions of 5205x1996x1800mm and a wheelbase of 3105mm, positioning it on par with competitors like the Li Auto L9 and the AITO M9. The interior space is adaptable to various scenarios such as business, family, travel, and commuting, offering a seat height of 360mm and 870mm of legroom in the third row. Additionally, the third row of the Deep Blue S09 can be folded down.
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