BAIC plans IPO to boost own-brand cars
By Han Tianyang | China Daily | Updated: 2012-09-17 07:57
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Chassis and electric drive system by BAIC at an expo in Beijing, part of its push to develop wholly owned brands. Wu Changqing / For China Daily |
BAIC Group, the Chinese partner of Daimler AG and Hyundai Motor Corp, plans to list its passenger vehicle arm BAIC Motor Co Ltd on the Hong Kong Stock Exchange next year, according to its president Xu Heyi.
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