Daimler investing $1 billion with Beiqi in China

Daimler will invest $1 billion with Chinese partner Beiqi Foton Motor Co in a truck venture in China. Appropriate business license granted Both have recently received a required business license from the Chinese Government. Each company will have 50 per cent of the business. Annual capacity set to increase for Beiqi Beiqi’s Foton factory will(…)