According to CoinMeta, and as reported by Bloomberg, Mercedes-Benz Group sold only 1,153 cars in China in the first half of 2026, which is significantly lower than the over 80,000 SU7 cars of the same price range delivered by Xiaomi during the same period. This performance reflects the challenges faced by BMW, Volkswagen, and Porsche in China, all of which reported a decline in sales of at least 30% in the second quarter, performing worse than the overall market downturn.