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February 26, 2018

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Baic’s New Beijing Factory

BAIC Motor Corp and Daimler AG are planning to co-invest more than 11.9 billion yuan (US$1.88 billion) to build a new local production base for their joint venture, Beijing Benz Automative, Baic said yesterday.

In a statement to the Hong Kong bourse dated February 23, Baic said the factory would make various Mercedes-Benz autos in China, including “new energy electric vehicles” equipped with “high quality premium automobile manufacturing system.”


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