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Daimler takes 12% stake in Chinese parter BAIC Motor; first non-Chinese automotive company to acquire an interest in a Chinese OEM

Green Car Congress

This marks the first investment by a non-Chinese automotive company in a Chinese OEM. The official closing of the transaction followed a short time after the signing of the investment agreement between the two companies in Stuttgart earlier this year and a smooth approval by the relevant Chinese authorities.

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Daimler to take 12% stake in BAIC Motor

Green Car Congress

The move, making Daimler the first non-Chinese automotive company to take a stake in a Chinese OEM, deepens an existing strategic partnership. It is also significant so that both companies can actively participate in the opportunities of the Chinese automotive market. Ltd to develop an electric vehicle for the Chinese market.

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Honda Speaks About Near Future, EV Plans

The Truth About Cars

Of course, corporations are going to put their best foot forward in these types of media briefs, so you can take things with a grain of salt (or maybe Jimmy Buffett's lost shaker), but here are the highlights: As of the end of the 2023 fiscal year that ended on March 31, Honda has cut fixed costs by more than 10 percent since fiscal year 2019.

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Nvidia CEO plans shuttle to fulfill China executives regardless of U.S. curbs, file says

Baua Electric

Huang, who headlined a industry display in Taiwan this future, plans to move to China for the primary pace in years in June, mentioned the nation, who requested to not be recognized as a result of his time table is personal. Huang, 60, is rarely isolated in dating Chinese language consumers. to $385.01.

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Nvidia CEO plans commute to fulfill China executives in spite of U.S. curbs, file says

Baua Electric

Huang, who headlined a industry display in Taiwan this age, plans to advance to China for the primary era in years in June, mentioned the population, who requested to not be recognized as a result of his time table is non-public. Huang, 60, is rarely rejected in relationship Chinese language consumers. Santa Clara, Calif.-based

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Lamborghini Breaks Historic Sales Record

The Truth About Cars

Regardless, Lamborghini now sells enough cars to put itself into a different category unless industry regulators are swayed by corporate lobbying efforts.

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The Godfather of South Korea’s Chip Industry

Cars That Think

As government influence declined, some alums from the first period who had worked at government research institutes also took corporate jobs. Although South Korea has competed furiously with Taiwan in recent decades, its most formidable challenger in the future will likely be China, whose ambitious. Kim Choong-Ki.