BAIC shares up on Daimler joint EV investment

$735m pool for car production, battery plant setup

20170706_BAIC_auto_factory

A BAIC Motor factory in Beijing

NORIKO OKEMOTO, NQN staff writer

HONG KONG -- Shares of BAIC Motor traded high on Thursday, at one point surging to 8.01 Hong Kong dollars, up 5.12% from Wednesday.

After the close of trading the previous day, the Beijing-based automaker announced additional investment in electric vehicles with its German partner Daimler.

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