BAIC Motor Corp Ltd (1958.HK)
Fri, Nov 10 2017
* Company and Daimler Greater China entered into capital increase agreement
* Says it signed strategic co-operate framework agreement with BAIC Motor Corporation Ltd on intelligent human-computer interaction technology, vehicle intelligent and artificial intelligence technology, big data analysis, intelligent vehicle networking platform and marketing resources business
* Enters into strategic cooperation framework agreement between company and Ifytek Co., ltd Source text for Eikon: Further company coverage:
BRIEF-BAIC Motor Corp and Yanfeng Automotive Trim Systems enter strategic cooperation framework agreement
* Co and Yanfeng Automotive Trim Systems entered into a strategic cooperation framework agreement Source text for Eikon: Further company coverage:
* Chongqing to invest over 100 bln yuan for "new energy strategy"
* Plant was suspended as supplier reacted to delayed payments (Adds further Hyundai comment, background)
SEOUL, Sept 8 South Korean automaker Hyundai Motor Co said on Friday it will continue its Chinese joint venture with BAIC Motor, shrugging off investor concerns about soured relationships between the partners.
* A supplier has refused to provide parts due to payment delays
* Company notes that temporary volatility in production system of Beijing Hyundai has currently been resolved
* Hy profits attributable RMB 985.701 million versus RMB 2.41 billion