BAIC Motor (HK:1958) has released an update.
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BAIC Motor Corporation Limited has announced a significant capital injection into its joint venture with Hyundai Motor, Beijing Hyundai. Both BAIC Investment and Hyundai Motor will contribute equally to a total of approximately $1.1 billion, raising the registered capital of Beijing Hyundai to over $4 billion. This move aims to solidify their partnership and strengthen their footprint in the automotive industry.
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