Daimler takes 3.93% stake in Chinese BJEV

Daimler and BAIC Group are deepening their strategic cooperation in the New Energy Vehicle sector. Daimler has become a shareholder in Beijing Electric Vehicle Co., Ltd., a subsidiary of BAIC Group, through acquisition of a 3.93% stake. In June last year, Daimler and BAIC signed a framework agreement on further strengthening collaboration through investment for […]