STUTTGART, Germany (Reuters) - Daimler's Mercedes-Benz needs to catch up with German rivals BMW and Audi in China to meet its goal of becoming the world's largest maker of luxury cars by 2020, a company executive said on Wednesday.
Daimler's premier luxury brand may sell "clearly more than 300,000" cars in China next year after boosting volumes in the world's No. 1 auto market by about 30 percent this year, the carmaker's China chief, Hubertus Troska, told reporters at Daimler's base in Stuttgart, Germany.
Mercedes-Benz must "significantly reduce the gap" to German rivals, Troska said. "There are huge opportunities to keep growing in China."
Mercedes-Benz has lagged BMW
(Reporting by Irene Preisinger; Writing by Andreas Cremer; Editing by Maria Sheahan)