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Former Beijing Automotive CEO Dazong Wang's pronouncement in 2011 that China sales could hit 40 million by 2020 is not even close to coming to fruition. But he might have been right about one thing.
Daimler and its Chinese joint-venture partner BAIC have agreed to invest $735 million in EV production in China by 2020 and to provide the infrastructure needed.
Daimler and its Chinese joint venture partner BAIC Motor agreed to upgrade the Mercedes factory in Beijing to make electric cars.
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