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In February 2012, Beiqi Foton Motors Co., Ltd. and Daimler AG established a 50-50 joint venture, Beijing Foton Daimler Automotive Co., Ltd., at an investment of RMB6.35 billion. [ 1 ] [ 7 ] The joint venture would take over Foton's existing Auman medium- and heavy-duty truck business, including production sites, sales and service network.
Germany's Daimler AG <DAIGn.DE> and its China commercial vehicle partner Beiqi Foton Motor Co <600166.SS> plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros ...
Beijing Automotive Group Co., Ltd. (BAIC, formerly as Beijing Automotive Industry Corporation) is a Chinese state-owned automobile manufacturer headquartered in Shunyi, Beijing. Founded in 1958, [ 2 ] it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021.
BAIC (Beijing Automotive Group Co., Ltd. , Chinese: 北京汽车集团有限公司), is a state-owned enterprise located in Beijing and controlled by the municipal government of Beijing. Its owns the brands of Arcfox, Beijing, Beijing Off-road, and Foton. It has foreign joint ventures with Hyundai and Mercedes-Benz. [11]
Daimler's main Chinese joint venture partner BAIC Group has signaled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built ...
Germany's Daimler AG and its China commercial vehicle partner Beiqi Foton Motor Co plan to invest 2.75 billion yuan ($415.32 million) to build Mercedes-Benz-branded Actros heavy trucks for the ...
The Mercedes-Benz Actros is a heavy-duty truck introduced by Mercedes-Benz at the 1996 Commercial Vehicle IAA in Hannover, Germany, as the replacement for the SK.It is normally used for long-distance haulage, heavy-duty distribution haulage, and construction haulage.
BAIC Motor was incorporated in 2010 as a sub-holding company of BAIC Group. [2] It became a listed company in December 2014. [3]The firm announced plans, in March 2015, to extend its partnership with Daimler AG by taking a 35 percent stake in Mercedes-Benz Leasing, a leasing company incorporated in China.