Germany’s Mercedes-Benz Group has opened a research and development (R&D) centre in Shanghai, China, to enhance focus on mobility technology.
The center, its second R&D facility in China, will work in technology fields such as connectivity, automated driving and big data.
Mercedes-Benz did not elaborate on the size of its investment in the new tech centre. The automobile major did not reveal the number of engineers it plans to hire for the new location. Mercedes-Benz said it is aiming to attract hundreds of new tech talents.
Last year, the premium carmaker said it will significantly upgrade its R&D capabilities in Beijing, by opening a new R&D facility in China’s capital with 1,000 engineers.
Mercedes-Benz in December 2021 said it’s planning an investment of 60 billion euros into the future.
Mercedes-Benz’s investment plan for 2022 to 2026 remains in line with the goal of cutting Capex and research and development spending by more than 20 percent between 2019 and 2025 and to further reduce it beyond this date.