10-03-2018 13:09
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Daimler, a German automaker company, has purchased 3.93 percent of the Beijing Automotive International (BAIC) automaker's Beijing Electric Vehicle (BJEV) subsidiary, Daimler reports.
"Daimler and BAIC Group consolidate strategic partnerships in the field of vehicles production operated by alternative energy. Daimler has become a shareholder in BJEV, acquiring a 3.93% stake, "the company said. Transaction value has not been specified.
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