Daimler's Chinese partner BAIC taking $2.8b stake in Benz maker to boost alliance

Daimler's Chinese partner BAIC taking $2.8b stake in Benz maker to boost alliance

The Mercedes-Benz AG badge is displayed on a company's E300e plug-in hybrid sedan during the press day of the 2018 Busan International Motor Show in Busan, South Korea, on Thursday, June 7, 2018. Photographer: SeongJoon Cho/Bloomberg

Bloomberg News

23 July, 2019

Daimler AG’s Chinese partner Beijing Automotive Group Co. is buying a 5% stake in the Mercedes-Benz maker to cement industrial ties between the two automotive companies.

BAICDaimler

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter

You may also like

Read more from Greater China

Nikkei Logo
DealStreetAsia Logo
About Us
Team
Advertise
Contact
Careers
Blog
Privacy Policy
Terms & Conditions
© Copyright DEALSTREETASIA 2014-2025 All rights reserved.