Daimler’s Mercedes-Benz complied with Europe’s tighter emissions limits previous year as a late surge in plug-in vehicle income spared the world’s major luxury-car maker from fines.

Mercedes transported just underneath 160,000 plug-in hybrid and totally-electric automobiles in 2020, with the fourth quarter accounting for about 50 % of all those deliveries, Daimler CEO Ola Kallenius informed reporters on Thursday. He experienced cautioned in the previous that conference the emissions focus on would be a near contact.

“The very good craze we’ve witnessed in the 3rd quarter ongoing in the fourth quarter driven by China, but not only China as other markets enhanced as very well,” Kallenius reported of over-all need. Mercedes programs to velocity up the rollout of electric designs and is dedicated to conference a lot more stringent emissions regulations in the coming yrs, he reported.

Daimler navigated the greatest business slump considering that Globe War II much better than initially feared and also created development restructuring its sprawling industrial functions to bolster returns. It will publish in depth income benefits for 2020 on Friday.

PSA Group and Volvo Vehicles, together with BMW and Renault, are among the automakers expected to meet up with the EU’s emissions regulations. Volkswagen Group  has reported it may narrowly miss its focus on.

Stuttgart, Germany-based Daimler will introduce the electric compact car EQA this month right after rolling out the most recent iteration of its flagship S-Course sedan previous year. It will launch 4 purely-battery run motor vehicles in 2021 to stage up its challenge of Tesla Inc.

Kallenius also acknowledged that Mercedes-Benz is afflicted by an industrywide offer bottleneck of semiconductor pieces that has hit larger German rival Volkswagen. The manufacturer is carrying out every thing it can to decrease effects on production, he reported.