bet365网址，carmaker BAIC increases stake in Daimler

Echoing the trends electricity, connectivity, intelligence and sharing in the automotive industry, and with a joint commitment to positive contributions to Chinas carbon-neutral development goals, both BAIC and Daimler have launched a series of new-energy vehicles.

Daimler has been one of the most important strategic partners of BAIC over the past 20 years.

Cross-shareholdings will support both parties to achieve high-quality development and long-term success in the Chinese market, said the statement.

According to an agreement between the two parties, BAIC, which is headquartered in Beijing, has no further plans to increase its shareholding in the German luxury-car manucturer.

The partnership has been an excellent example of Sino-German collaboration, substantial contributions to bilateral industrial cooperation, technology innovation as well as economic and social developments, said the statement.

File photo/NBD

BAIC said in a statement that the increase in holdings is a strong signal of trust in the great potential of Daimlers future transformation.

Chinese carmaker BAIC Group announced Monday that it has increased its stake in Daimler AG to 9.98 percent in order to strengthen the long-term strategic partnership.

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Daimler holds a 9.55 percent shareholding in BAICs HK-listed company BAIC Motor and 2.46 percent of BAICs A-share listed company BAIC BluePark.