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China unconditionally approves JV between BMW Brilliance, Mercedes-Benz to operate

On February 4, China’s State Administration for Market Regulation (SAMR) unconditionally approved a joint venture (JV) between BMW Brilliance and Mercedes-Benz to operate.
On November 30, 2023, BMW Brilliance and Mercedes-Benz signed a cooperation agreement to establish a 50:50 JV in China for the operation of a supe....

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