· Daimler Greater China completed the acquisition of 3.93% of BAIC New Energy

Today, Daimler Greater China Investment Co., Ltd. (hereinafter referred to as “Daimler Greater China”) completed the acquisition of 3.93% of Beijing New Energy Automobile Co., Ltd. (hereinafter referred to as “Beiqi New Energy”) of BAIC Group. , became one of the shareholders of BAIC New Energy.

In order to further deepen the strategic cooperation in the field of new energy vehicles, in June 2017, Daimler and BAIC Group signed a framework agreement for deepening cooperation, including the resolution of Daimler to invest in Beiqi New Energy. Daimler hopes to further deepen its understanding of China's new energy vehicle market and customer demand through close cooperation with BAIC Group and BAIC New Energy.

“Electric mobility is one of Daimler’s core strategies for the future. China has become the world’s largest new energy vehicle market. For this reason, Daimler is actively promoting the deepening of this strategy in the Chinese market and globally.” Daimler Hubertus Troska, a member of the board of directors of the joint-stock company and responsible for the Greater China business, said: “The acquisition of BAIC New Energy by Daimler Greater China is another milestone for Daimler and BAIC to strengthen cooperation in the field of new energy vehicles in China. , demonstrating our determination to develop electric mobility."

Xu Heyi, Chairman of Beijing Automotive Group Co., Ltd. said: “Beiqi Group has a long-term and profound strategic partnership with Daimler. New energy vehicles are one of the core businesses of BAIC Group. This time Daimler invested in BAIC New Energy and further Expanded the cooperation areas between the two parties and pushed the 'Northern Dai cooperation' to a new stage of development. The strategic cooperation between the two parties in the field of new energy vehicles will help promote the development of the automotive industry."