Core Viewpoint - Mercedes-Benz Group reported a significant decline in revenue and net profit for Q2 2025, indicating challenges in the automotive market, particularly in the transition to electric vehicles [1][5]. Financial Performance - Q2 2025 revenue was €33.153 billion, down 9.8% from €36.743 billion in the same period last year [1][5]. - Net profit for Q2 2025 was €0.957 billion, a drastic decrease of 68.7% compared to €3.062 billion in Q2 2024 [1][5]. - For the first half of 2025, total revenue was €66.377 billion, down 8.6%, and net profit fell by 55.8% to €2.688 billion [5]. Sales Performance - Total vehicle sales in Q2 2025 were 547,100 units, a 9% decrease year-over-year [6]. - In China, sales dropped 19% to 140,400 units in Q2 2025 [6][11]. - The sales of battery electric vehicles (BEVs) were particularly weak, with a decline of 18% to 41,900 units in Q2 2025 [6][8]. Market Challenges - The decline in sales is attributed to a shrinking market for fuel vehicles, weak pricing, negative currency impacts, and reduced contributions from joint ventures [5]. - The company is facing increased competition from domestic electric vehicle brands in China, which are gaining market share [11][12]. Dealer Network Adjustments - Mercedes-Benz has been closing several authorized dealerships in response to declining sales, with reports of over 100 dealers potentially being cut [9][10]. - The company aims to optimize its dealer network in China to improve profitability amid challenging market conditions [10][11].
梅赛德斯-奔驰今年Q2财报丨净利润同比下滑68.7% 中国市场销量同比下滑19%