BYD, Daimler in JV deal
(Xinhua)
2010-05-29 11
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BEIJING - Chinese carmaker BYD said Friday it had signed a contract with German auto giant Daimler AG to establish a joint venture in China.
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The new firm will have a registered capital of 600 million yuan ($87.88 million), BYD said.
Each company will hold a 50-percent stake in the venture.
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