Home > eQ

BAIC and Daimler to invest £¤11.9 billion to expand capacity at BBAC for EQ production

BEIJING – BAIC Motor Co., Ltd., the Hong Kong-listed subsidiary of BAIC Group, said in a statement on February 23 that it and partner Daimler AG plan to co-invest more than ¥11.9 billion (about €1.5 billion) to build a new production base at their joint venture, Beijing Benz Automotive Co.,

| | | | | | | Read More

Daimler to localize production of BEVs and batteries in China by 2020

BERLIN – Daimler and BAIC Group signed a framework agreement here on July 5 to jointly invest ¥5 billion to localize production of battery electric vehicles and batteries at their joint venture Beijing Benz Automotive Co., Ltd. (BBAC). By 2020, BBAC plans to manufacture BEVs under the Mercedes-Benz brand powered

| | | | | | | Read More

Chery’s Qihe NEV plant to go into operation in May

DEZHOU, Shandong – Chery’s new energy vehicle manufacturing base in Qihe, Shandong Province is expected to be put into operation in May this year, according to a report by Internet Info Agency citing information from Qihe Economic Development Zone in Dezhou. With total investment of ¥1 billion ($145 million), the

| | | | | | Read More

Daimler CEO Zetsche: EQ brand to enter China on a locally-produced basis

Dr. Dieter Zetsche stands next to the Generation EQ Concept at the start of Paris Motor Show on September 29. PARIS – The new EQ brand dedicated to electric mobility that Mercedes-Benz launched at this year’s Paris Motor Show will eventually make its way into China on a locally-produced basis, according

| | | | Read More