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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 ...
Daimler Truck AG (holding company legal name Daimler Truck Holding AG) is the world's largest commercial vehicle manufacturer, with over 35 main locations worldwide and approximately 100,000 employees. [2] Daimler Truck AG is headquartered in Leinfelden-Echterdingen, Germany. It was a part of Daimler AG from November 2019 to December 2021. [1]
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. [8]
China is the world's biggest market for heavy trucks, with around 1.5 million units sold in 2021 - more than in the U.S., Japan and Europe combined, according to data from German car association VDA.
Founded in 1958, [2] it is the sixth largest automobile manufacturer in China, with 1.723 million sales in 2021. The company produces and sells vehicles under its own branding, such as Arcfox , Beijing , Foton Motor , Ruili Doda, as well as under foreign-branded joint ventures such as Beijing-Benz and Beijing-Hyundai.
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 ...
Hualing Xingma Automobile (China) Jianghuai Automobile (China) Jiangling Motors (China) Jiaotong (China) Jiefang (China) Lovol Heavy Industry (China) Qingling (China) Sany (China) Shaanxi Automobile Group (China) Shacman (China) Sitrak (China) Sitom (China) Tangjun Ou Ling (China) XCMG (China) Xiaolong Automotive Technologies Co., Ltd (China ...
BEIJING (Reuters) -Daimler AG's main China joint venture with BAIC Motor plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by ...