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Yilei Sun

Exclusive: China's BAIC raising Daimler stake to unseat Geely as top shareholder - sources

2:21am GMT

BEIJING/HONG KONG/FRANKFURT Daimler's main China joint venture partner BAIC Group has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.

China auto sales set for third year of decline - industry association

12 Dec 2019

BEIJING/SHANGHAI China's auto market, the world's biggest, is set for a third year of contraction with a 2% decline in sales next year, hit by a weaker economy and U.S.-China trade tensions, the country's top auto industry body said on Thursday.

Tesla plans increasing imported Model 3 prices in China from January - sources

11 Dec 2019

BEIJING U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said.

China auto sales drop for 17th straight month in November

10 Dec 2019

BEIJING/SHANGHAI Auto sales in China fell for a 17th consecutive month in November, with the number of new energy vehicles (NEVs) sold contracting for a fifth month in a row, data from its biggest auto industry association showed on Tuesday.

France's PSA to sell stake in smaller Chinese tie-up as sales slide

29 Nov 2019

PARIS/BEIJING Peugeot maker PSA Group said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which has struggled with falling sales.

RPT-UPDATE 3-China's BAIC willing to increase Daimler holding after 5% stake buy -sources

26 Nov 2019

* Daimler says appreciates BAIC as long-term investor (Repeats with no change to text)

China's BAIC willing to increase Daimler holding after 5% stake buy - sources

25 Nov 2019

BEIJING/FRANKFURT Daimler's main Chinese joint venture partner BAIC Group has signalled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built up a 5% Daimler holding in July.

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