The engineering company AKKA is creating a joint venture between its German automotive competence centers MBtech in Sindelfingen, and BAIC Motor, a subsidiary of the Chinese automobile manufacturer Beijing Automotive Industry Holding Co. (BAIC).
Representatives from both parties met today in Beijing in the presence of representatives of the Chinese government and the German and French embassies to sign the first R&D Joint Venture between an OEM and an engineering service provider in the world.
With more than 100 000 employees, the Beijing Automotive Industry Holding (BAIC), also known as Beijing Automotive Group, is the holding company of the fifth largest automotive and automobile producer in the People’s Republic of China. The newly created joint venture between BAIC’s subsidiary BAIC Motor Corporation Ltd. in Beijing and AKKA will engage in research and development of full passenger vehicles for the Chinese market as well as the parts and components, automotive technology research and application. BAIC Motor ambitions a vehicle program with a minimum of 2 new vehicle projects per year.
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