# Mercedes-Benz Q1 profit falls as China sales drop amid BYD, Geely rivalry.

*business · news · 2026-04-29 · CNBC TV18*

## Key points

- Mercedes-Benz China sales dropped 27% in Q1, reaching their lowest level since 2016.
- Mercedes-Benz plans to cut global production capacity by over 10%, mainly outside Germany.
- About 40 new models, including electrics, will launch from 2025 to 2027.
- Tariffs led to a $1.2 billion profit impact for Mercedes-Benz last year.

**Companies:** Mercedes-Benz Group AG, BYD, Geely, Volkswagen Group, General Motors
**Countries:** Germany, China, United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/auto/mercedes-benz-q1-profit-falls-as-china-sales-drop-amid-byd-geely-rivalry-ws-l-19895555.htm)

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