Chinese SOE BAIC Acquires Stake in Daimler

Posted on 07/23/2019


BAIC Motor Corporation Limited, a listed company, is a Chinese car manufacturer based in Beijing. BAIC Motor is part of BAIC Group (officially Beijing Automotive Industry Holding Co., Ltd.), which is a Chinese state-owned enterprise and holding company of several automobile and machine manufacturers located in Beijing, China. BAIC acquired a 5% ownership stake in […]