Posted inBeijingChina

Daimler to invest in Chinese electric vehicles with BAIC

German automaker Daimler has announced a new framework agreement with China’s BAIC for the production of electric vehicles in China, reports Electrek. German Chancellor Angela Merkel and Chinese Premier Li Keqiang were present for the announcement of the deal, which includes plans for Daimler to become a minority stakeholder in BAIC subsidiary Beijing Electric Vehicle […]