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

  • slavuta: Sooner China takes Taiwan, sooner we can fix America
  • dal20402: Interesting. I like the styling of the Supra vastly better than the Z4, and there aren’t many non-M...
  • kcflyer: Car and driver did an interesting year long review. They had trouble getting simple service tasks like oil...
  • kcflyer: Billion’s in taxpayer handouts to billion dollar company. To make chips. Maybe pork rinds?:)
  • dal20402: I wonder if they will modify the stability control so this thing can go around a corner faster than...

New Car Research

Get a Free Dealer Quote

Who We Are

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