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Daimler gets NDRC approval for minority stake in BJEV

BEIJING – Daimler AG has received approval from the National Development and Reform Commission (NDRC) for its planned minority interest in Beijing Electric Vehicle Co., Ltd. (BJEV), the EV subsidiary under Chinese partner BAIC Group, according to a notice posted on the website of NDRC on February 7. The official response

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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.,

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With EQC local production planned by 2020, China a major focus of Daimler’s electric push

Nicholas Speeks (L) with Hubertus Troska in front of the Concept EQA FRANKFURT – Less than a year after Daimler’s Mercedes-Benz unit unveiled its EQ dedicated electric nameplate at the Paris Motor Show, the world’s leading luxury brand is speeding up its electrification push with a key announcement at the Frankfurt Motor Show:

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