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Behind the JV deal: Daimler never gives up buying stake of Foton Motor

BERLIN - Beiqi-Foton Motor Co., Ltd. and Daimler AG signed on January 29 the Commercial Vehicle Cooperation Agreement to build a joint venture to produce medium and heavy-duty trucks in China. Wang Jinyu, general manager of Beiqi-Foton, signed with German automaker on behalf of Foton Motor (600166.SH), the Shanghai-listed subsidiary

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