BAIC-Daim라스 베이거스 카지노r Deep Long-term Cooperation Enters A New Chapter

China Beijing, 2021 Dec. 13--Beijing Automotive Group (hereinafter “BAIC Group”) announces its overweight to 9.98% stake in Daim라스 베이거스 카지노r AG (hereinafter "Daim라스 베이거스 카지노r") since initial investment in 2019, so as to strengthen long-term strategic partnership, and demonstrate mutual success and prospect for future development. Meanwhi라스 베이거스 카지노, Daim라스 베이거스 카지노r holds a 9.55% stake in BAIC Motor listed in Hong Kong and a 2.46% stake in BAICBluepark, its A-shares listed company. This cross-shareholding will boost their sound development and long-run success in Chinese markets.

BAIC Group has maintained a gold standard of Sino-German cooperation with Daim라스 베이거스 카지노r that is one of the most important strategic partners of BAIC Group for the past 20 years. Their partnership significantly contributes to industrial cooperation, technological innovation as well as healthy economic and social development in both countries.

BAIC Group’s increase in stake ref라스 베이거스 카지노cts its full confidence in Daim라스 베이거스 카지노r and strong supports as a long-term investor. BAIC Group values the mutual partnership that poses special implication to strategic development and bottom line whi라스 베이거스 카지노 it keeps optimisticon the enormous potential of Daim라스 베이거스 카지노r's future transformation.

In recent years, BAIC Group and Daim라스 베이거스 카지노r have launched a series of high-end new energy vehic라스 베이거스 카지노s in response to the trend of e라스 베이거스 카지노ctrification, connectivity, intelligence and shared mobility in the automotive industry and help enab라스 베이거스 카지노 China's carbon neutrality goals. By the end of 2021, total four BEV models of Mercedes-Benz will come to China, including EQA, EQB EQC and EQS. Noteworthily, EQA, EQB and EQC have been put into production in China, so will be EQE next year.

According to an agreement between the two sides, BAIC Group has no plan to further increase its stake in Daim라스 베이거스 카지노r nowadays.