By on July 5, 2017

Concept EQ, Exterieur Concept EQ, exterior

Daimler AG is dumping half of a 5 billion yuan sum, or 735 million dollars, into China as part of a joint venture with BAIC Motor Corp. Together, the companies plan to establish the groundwork for competent EV production in the region — meaning a good ol’ fashioned battery factory.

The bill is split between the two firms, as China requires every foreign automaker to partner with a domestic one to do business within the country. The new factory will be a product of Beijing Benz Automotive, a blandly named limited liability company created to further Mercedes’ interest within the country and bolster its EV production capabilities globally. (Read More…)

Recent Comments

  • Lou_BC: @jkross22 – politicians don’t care about anything beyond election cycles. They continually kick...
  • Dave M.: Well said. The Houston Auto Show is one of my annual enthusiast highlights…but I have to wonder how...
  • Kendahl: I hope Porsche does a better job with the 718 than they did with the Taycan. Compared to a Tesla Model 3...
  • dal20402: On the other side of the coin, you can idle in an EV with the heat on for as long as you want without...
  • mcs: A 2020 911 Carrera S has about 338 miles range. With 2025 battery tech, an electric 718 could have significantly...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber