Chinese automaker Beijing Automotive Group (BAIC Group) and German automaker Daimler AG recently said
in a joint statement that Beijing Benz Automotive, the joint venture between BAIC Group and Daimler, and
Mercedes-Benz China will deepen the cooperative efforts in marketing and resource integration in China. BAIC Group
and Daimler are planning to establish a 50-50 joint sales company in the country. However, the statement did not
disclose any detailed action plan.