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Daimler, BAIC to invest $735 million in China EV production

Daimler and its Chinese joint-venture partner BAIC have agreed to invest 5 billion yuan ($735 million) in EV production in China by 2020 and to provide the infrastructure needed.

Source: http://feedproxy.google.com/~r/autonews/EuropeNews/~3/olRUBFakZrI/daimler-baic-to-invest-735-million-in-china-ev-production
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