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BAIC stepping up R&D investment

By Li Fangfang | 皇冠体育app Daily | Updated: 2009-12-24 08:05

Automaker plans IPO, to launch Saab design-based cars by 2011

Light commercial vehicle maker Beijing Automotive Industry Holding Corp (BAIC) yesterday said it would invest 33 billion yuan over the next three years for vehicle research and development (R&D) and also hinted that it may launch an initial public offering soon.

BAIC stepping up R&D investment

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