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FRANKFURT – Germany’s Daimler and its Chinese joint venture partner BAIC Motor Corporation have agreed to jointly invest 5 billion yuan ($ 735 million) in battery electric vehicle production in China by 2020 and to provide the infrastructure needed. Of that investment, a three-digit million euro sum is to be invested in a new battery […]
BERLIN/FRANKFURT – Daimler and its Chinese joint venture partner BAIC Motor Corporation agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars, the German carmaker said on Thursday. At a signing ceremony in Berlin attended by German Chancellor Angela Merkel and Chinese Premier Li Keqiang, Daimler signed a framework agreement to upgrade production […]
