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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

Furthermore, BAIC will increase its stake in the production joint venture Beijing Benz Automotive Corporation (BBAC) by 1% to 51%. At the same time, Daimler will increase its stake in the integrated sales joint venture Beijing Mercedes-Benz Sales Service Corporation (BMBS) by 1% to 51%. China Market Background Vehicle Manufacturers'

Chinese 259
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

Through this strategic investment in BAIC Motor, we will be the first non-Chinese manufacturer to take a stake in a Chinese OEM. BFDA), which has been jointly manufacturing Auman-branded medium- and heavy-duty trucks since mid-2012; and most recently, the establishment of Beijing Mercedes-Benz Sales Service Co.,

Motor 247
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The Godfather of South Korea’s Chip Industry

Cars That Think

Starting in the mid-1980s, as chip manufacturing in the country accelerated, engineers who had studied under Kim at. Kyungbang , Korea’s iconic manufacturer of yarns and fabrics. Samsung and other electronics companies wouldn’t get serious about manufacturing semiconductor devices until the early 1980s. future needs.