Plus   Neg

Daimler Acquires Stake In Beijing Electric Vehicle Co. - Quick Facts

Daimler (DDAIF.PK) announced it has become a shareholder in Beijing Electric Vehicle Co., Ltd., a subsidiary of BAIC Group, through acquisition of a 3.93% stake. As one of China's leading pure electric vehicle manufacturers, BJEV's primary business scope covers research and development, production, as well as sales and services for New Energy Vehicles and core NEV components.

Hubertus Troska, Member of the Board of Management, Daimler AG, responsible for Greater China, said: "The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC for New Energy Vehicles in China, and it underlines our commitment to the further development of electric mobility in this country."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT