Daimler and Chery mutually consent on the usage of the EQ/eQ brand name for their respective NEV products and brands.
Source: Daimler AG
Stuttgart, Germany. 14th July 2017. Chery will focus on using the designations eQ and eQ1, as well as further numerical continuations thereof, while Daimler will focus on use in their electric Mercedes-Benz products with the designations EQC and any other alphabetical supplements. Daimler will use the EQ Power designation for Plug-In Hybrids and meanwhile Chery will also use eQ TEC to nominate their car electrification system.
Chery has already been using the eQ and eQ1 brand names in China since year 2014 and Daimler has now also granted them the possibility to use this name family in countries outside of China. Daimler established the EQ brand family for electrically driven Mercedes-Benz vehicles almost simultaneously in countries outside of China and Chery has granted the company the possibility to also use this in China now.
Both companies underline the intrinsic value and opportunities which the EQ/eQ name offers for new energy vehicles and will continue to develop and expand the respective brand families in different directions in the future.
“Chery achieved great reputation in China with their eQ brand name and
we highly respect that. I am happy that Daimler and Chery agreed on a collective use of the eQ/EQ acronyms in an open and partner-like atmosphere. With this mutual understanding, Chery and Daimler commit to fostering the electric future in the automotive industry – in China and all over the world,” stated Hubertus Troska, Member of the Board of Management of Daimler AG, responsible for Greater China.
Anning Chen, CEO at Chery confirmed:
“From the establishment of the Chery brand, we subscribe to the mission of automotive innovation and internationalization of the brand. We are proud of the achievements that Chery made in technological development and intellectual property. We applaud to the win-win agreement reached with Daimler of the coexistence of our brands worldwide. Chery is dedicated to provide the global market with superior product value, customer experience and unique brand value.”
A set of regulations to this effect concerning the use of the name and its communication was signed on 06/07/2017 in Stuttgart.
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