Tags: Beijing Automotive Group

BAIC plans $4.5 bn backdoor listing for electric vehicle unit

China’s state-backed Beijing Automotive Group (BAIC) will take its electric vehicle unit public by injecting it into another listed subsidiary, boosting its financial muscle as the battle for the country’s hotly contested green car market heats up. The de facto backdoor listing values the unit, Beijing Electric Vehicle Co, at $4.5 billion and comes as […]

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