Baidu, Inc. (BAIDF)
- Reuters
UPDATE 2-Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
Japan's Toyota Motor will pair up with China's Tencent while Nissan will team up with Baidu, the companies said on Thursday, cross-border partnerships that highlight the importance of artificial intelligence for carmakers. The separate announcements from two of Japan's biggest automakers at the Beijing auto show also underscored the attempt by Japanese manufacturers to come to grips with the massive technological shifts that have disrupted their once enviable positions in the Chinese market.
- Reuters
CORRECTED-UPDATE 1-Mercedes says it will continue to invest in China tie-ups
Mercedes Benz's China chief said on Thursday the company would continue to invest in tie-ups with Chinese partners like automaker BAIC Group, noting China was crucial to its global strategy. China was "the most dynamic new energy vehicle market", Hubertus Troska said at a press conference on the opening day of the Beijing autoshow that was also attended by BAIC Group Chairman Zhang Jianyong.
- Reuters
Mercedes-Benz says it will continue to invest in Chinese tie-ups
BEIJING (Reuters) -Mercedes-Benz executives said on Thursday the company would continue to invest in tie-ups with Chinese partners including automaker BAIC Group, underscoring the importance of China to its global strategy. China is "the most dynamic new energy vehicle market", country chief Hubertus Troska said at a press conference on the opening day of the Beijing auto show. "You have to be here and you have to be part of that innovation cycle," Chief Executive Ola Kaellenius told Reuters on the sidelines of the show.
