German automaker Daimler AG will continue to invest in research and development in China, to develop a new generation of electric vehicles, the company chairman said.

The R&D push will seek to speed up localization and ensure sustainable growth as the China market holds great potential in the area of electric mobility, he added.

Daimler is confident of maintaining a sustainable growth in China through continuous investment in innovation and localization efforts, said Dieter Zetsche, its chairman and head of Mercedes-Benz Cars.