Mercedes-Benz Group AG is a renowned luxury brand. It is one of the most well-known vehicle brands in the world. The company produces passenger cars and vans, which drives its revenue stream. Thousands of suppliers that provide components like its car chassis technology and body parts help it earn billions of dollars worth in sales each year. Keep reading to learn about how much the company earns and more about is top suppliers.

Mercedes Benz Group: An Overview

Mercedes-Benz Group AG is a successful multinational automotive company known for its cars and vans. It was founded in 1926 by Karl Benz, Gottlieb Daimler, Wilhelm Maybach, and Emil Jellinek.

Located in Stuttgart, Germany, it is one of the top automakers in the world by revenue with offices in 93 global locations. It sells vehicles and provides services globally, with over 30 production facilities in Europe, North America and South America, Asia, and Africa.

Until 2022, the group was named 𝔍Daimler. It has two business units:

• Mercedes-Benz AG, a global developer, producer, and supplier of high-end passenger cars and premium vans
• Mercedes-Benz Mobility AG, which offers 澳洲幸运5官方开奖结果体彩网:financing, leasing, car subscription, car rental, fleet management, digital services for charging and payment, insurance brokerage, and mobility services

Manufacturing and Sales

In 2023, the group had around 166,000 employees and sold 2.5 million vehicles, resulting in revenues of €153.2 billion. Of the 2.5 million vehicles sold, 447,800 were vans. Most cars were sold in Asia, specifically China, followed by Europe, and then North America.

Like other auto manufacturers, Mercedes-Benz Group AG focused some of its efforts on sales in 澳洲幸运5官方开奖结果体彩网:emerging market economies, particularly the BRICS countries: Brazil, Russia, India, and China.

The group reported higher demand for certain high-end products, led by the Mercedes-Maybach. It also reported a 73% rise in fully electric passenger car sales to 222,600 units, which represented 11% of total sales. Overall sales fell as high order backlogs caused by the pandemic cleared, demand cooled, and competition intensified.

The group is focused on becoming greener and leveraging new technologies such as artificial intelligence. One of its main targets is for electrified vehicles, which includes hybrids, to account for 50% of total sales by 2030.

Suppliers

Mercedes-Benz Group AG vehicles contain several thousand parts and components with a supply chain that includes approximately 40,000 direct suppliers, mainly from Europe, North America, and Asia.

The group recognizes♛ key suppliers who contribute to inno🍸vation, quality, and sustainability. They include:

• ZF Friedrichshafen AG: Car chassis technology and rear axle steering system
• Hydro Aluminium: A global leader in the aluminum and energy industry, supplying Mercedes-Benz with aluminum since 2019
• KIRCHHOFF Automotive GmbH: Vehicle components and systems including body parts
• Capgemini: Provides benchmark digital solutions for highly automated driving with synthetic data generation
• Dolby Laboratories: Immersive, 3D interior sound systems
• Amazon Web Services: Serverless technology leader and Mercedes-Benz’s strategic cloud partner
  

The Bottom Line

The Mercedes-Benz Group AG is home to one of the most recognizable auto brands in the world. The German giant and its iconic logo have become synonymous with high quality vehicles, resulting in hundreds of billions of dollars of revenue every year. The group has an international presence, with over 30 production facilities and thousands of suppliers across the world, sells luxury cars and vans as well as financing and digital services, and is heavily focused on electrifying its fleet of vehicles.