October 23 - 15:10
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China's BAIC ramps up connected car plans
China's state-owned Beijing Automotive Group has launched a new brand for 'intelligent cars'. BEIJING represents a push into the connected vehicle market and BAIC hopes to get the support of Daimler after buying a 5% stake in the German manufacturer earlier this year. It will invest up to $3 billion in technology for the BEIJING brand. Chairman Xu Heyi spoke to the media earlier this week.
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