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Business deals

BAIC Group chairman sees broader Panasonic tie-up

Xu Heyi says the companies are in talks over smart cars

BEIJING -- Beijing Automotive Group and Panasonic are in talks to expand their collaboration to smart cars and self-driving vehicles, the Chinese corporation's chairman said on Saturday.

The Chinese state-owned automaker, also known as BAIC Group, and the Japanese electronics group agreed to set up a joint venture to build key components for electric vehicles.

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