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BAIC Motor Corporation., LTD. and FUJIAN Motor Industry Group Co. have signed an Equity Transaction Agreement in respect of the proposed acquisition by BAIC of the 35% equity interest in Fujian Benz Automobile Co., Ltd. held by FJMOTOR in FuZhou, China, on June 12th. As agreed in the agreement, upon completion of the Equity Transaction, BAIC and FJMOTOR will hold 35% and 15% equity interest in Fujian Benz, respectively, and Daimler Vans Hong Kong Limited will hold the remaining 50% equity interest in Fujian Benz.
Jun. 13 , 2016A list of Top 100 automobile dealers in China in 2015 has been released recently.
Jun. 13 , 2016During BYD’s 2015 General Meeting of stockholders hosted on June 6th, Wang Chuanfu, President at BYD Auto, said that, in second half of 2016, the shipments of alternative energy vehicles will increase rapidly, boosting the company’s overall sales to a next level. Besides, Wang also confirmed that the company will start a new business unit of light rail, which is expected to become BYD’s new growth point in five years.
Jun. 8 , 2016