It said Thursday that it was expecting big gains in sales and operating profit.

The company also says that by the end of the year it will make up for a production shortfall caused by a shortage of chips, though the silicon drought will crimp sales in the first quarter.

The bullish outlook comes after Daimler confirmed full year pretax earnings off almost $8 billion.

Strong demand in China is among the drivers.

Now.

Diamonds chief executive called the recovery their remarkable.

Mercedes sales in the country jumped 22% in the fourth quarter.

Like rivals, Daimler is also racing to bring Mawr electric vehicles to market in 2020.

It sails off electrified cars almost quadrupled on the year before.

Thursday's news sent shares in the firm as much as 2.5% higher in early trading.