The development is aimed at reducing the cost of developing affordable electric self-driving cars. On Tuesday, in a development that marks Beijing Automotive Group Co Ltd (BAIC) further cementing its relationship with German carmaker Daimler, the Chinese company has purchased… Read More ›
Li Shufu
AB Volvo drops Geely-linked Hakan Samuelsson from its board of directors
The move is not as simple as it seems – the Chinese company appears to have preempted the move and has taken strategic steps of its own. Following China’s Geely’s claiming a 10% stake in Daimler, AB Volvo, a Truckmaker… Read More ›