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Daimler and BAIC Group jointly invest in the localization of battery electric vehicles in China
On July 5, Daimler announced a framework agreement between Daimler and BAIC Group on further investment of RMB five billion for Battery Electric Vehicles (BEVs) and battery localization at Sino-German joint venture Beijing Benz Automotive Co., Ltd. (BBAC).
The two companies pledged to jointly invest a total of RMB fi....
The two companies pledged to jointly invest a total of RMB fi....
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