Mercedes-Benz Group (MBG) investor relations material

Product and technology

• Mid-term goals: ~2.0m sales, >15% Top-End sales growth and 2x XEV share; Top-End share targeted at 14–15%.

• 2026 sales expected slightly below prior-year levels amid China market dynamics; mid-term growth target rests on new products and market-share recovery.

• Record global BEV sales in Q3, up 61% YoY; total car sales fell 8%, while sales excluding China rose 1%.

• MB.OS brings chip-to-cloud architecture, full-vehicle OTA updates and AI-enabled services; NVIDIA and Qualcomm provide high-performance computing technology.

• PLM.AI is intended to accelerate vehicle time-to-market by up to 30%; automated-driving work advances with NVIDIA in Germany and Wayve as a new technology partner.

Cost and footprint

• By 2027+, targets versus 2024 include production-cost reduction >10%, material-cost reduction >8%, fixed-cost reduction 10% and investment reduction 10%.

• Battery costs for MMA and MB.EA are down 30% per kWh versus predecessors, with overall vehicle costs down >15%; BEV/ICE margin parity is targeted by decade-end.

• Mid-term global capacity target is 2.0–2.2m units, versus ~2.4m in 2026; Hungary plant expansion is set to double capacity to 400k units.

• Strategic Cars margin target is 8–10%, including tariffs; 2026 Cars adjusted RoS guidance was reduced to 2–3% from 3–5%.

Sustainability

• 2039 ambition: reduce CO2 emissions 90% in own production, 80% in vehicle use where market conditions allow, and 70% across relevant value-chain stages versus 2019; net zero intended by 2049 at latest.

• New electric CLA, GLC and C-Class are associated with lifecycle carbon-footprint reductions; the electric C-Class is projected to cut emissions by up to two-thirds versus its non-electric predecessor.

• Production energy, water and waste costs per vehicle are targeted to fall 25% by 2030 versus 2024; a circularity programme is rethinking 40 component and material concepts.