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Daimler Floats Plan to Increase Stake in China Venture

  • China eased rules on auto ventures amid trade war with U.S.
  • BMW agreed in October to raise stake in Brilliance partnership
Inside The Beijing International Automotive Exhibition
Photographer: Qilai Shen/Bloomberg
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Daimler AG has raised the prospect of boosting its stake in a joint venture with Chinese partner BAIC Motor Corp., according to people familiar with the discussions, as the luxury-car maker seeks to gain more control over its operations in the world’s largest car market.

Daimler expressed an interest in increasing its holding to at least 65 percent from 49 percent, one of the people said, asking not to be identified as the deliberations are confidential. The discussions with state-owned BAIC are exploratory and the two carmakers may fail to to reach an agreement, the people said.