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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 ...
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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 ...
In the oil market, crude prices plunged more than 6%, representing the biggest one-day decline since September 2022 after Israel's attack against Iran over the weekend avoided oil facilities.
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.
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.
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