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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

NOVEMBER 19, 2013

With this investment, Daimler is proving its strong support for BAIC Motor’s intention to launch an initial public offering (IPO) in the future. Earlier this year, BAIC was ranked second on KPMG’s Global Auto Executive Survey 2013, a ranking of the top automotive companies that are expected to gain market share in the future.

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Chinese Companies Mercedes Motor 259
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Daimler to take 12% stake in BAIC Motor

Green Car Congress

FEBRUARY 1, 2013

This move comes ahead of an intention by BAIC Motor to launch an initial public offering (IPO) in the future. Our investment is a strong sign of the increased level of trust and cooperation between our two companies and clearly emphasizes the long-term commitment to a joint successful future of our two companies.

Motor 247
Motor Motors Motoring Mercedes 247
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