Daimler's decade-long partnership with BAIC Motor has been a win-win relationship based on trust and long-term commitment, according to the company's senior official.

The cooperation with its local partner has been an important pillar of success in China, which is a key market for Mercedes-Benz , said Hubertus Troska, a member of Daimler's Board of Management and president and CEO of Daimler Greater China.

The Sino-German partnership was launched in 2003, when both partners signed a framework agreement on strategic cooperation, and over the following decade their resulting joint-ventures in China, namely Beijing Benz Automotive Co and most recently Beijing Mercedes-Benz Sales Service Co, have produced remarkable results.