BAIC: Joint Ventures of Daimler AG and Hyundai
Daimler AG and Hyundai are both cooperating with the Chinese company Beijing Automotive Industry Holding (BAIC). Through joint ventures, developments by carmakers will find their way onto the Chinese market. BAIC is also working with supplier Hella to develop new lighting systems for the country.
But the company is also building cars under its own name with great success. The BAIC EC180 was in third place last year even in the list of most successful electric cars in the world. Only the Tesla Model 3 and the Nissan Leaf sold more often. In the first quarter of 2018, the Stromer was even at the top.