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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 ...
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]
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]
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.
Fujian Benz Automotive Co., Ltd., formerly Fujian Daimler Automotive Co., Ltd., is a light commercial vehicle manufacturing company based in Fuzhou, and a joint venture between Daimler Vans Hong Kong Limited (a joint venture of the Mercedes-Benz Group and China Motor Corporation of Taiwan), BAIC Motor Corporation Limited (35%), and Fujian Motor Industry Group Co., Ltd (15%).
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 history of this company goes back to Beijing Jeep Corporation (BJC), which was the first Sino-foreign automobile joint venture in China. [5] It became a prototype for future cooperative projects and BJC became a test case revealing problems, both political and economic, that would appear for other investors the Chinese hoped to attract.
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 ...