China's BAIC said to be willing to increase Daimler stake

China's BAIC said to be willing to increase Daimler stake

The Mercedes-Benz AG badge is displayed on a company's E300e plug-in hybrid sedan during the press day of the 2018 Busan International Motor Show in Busan, South Korea, on Thursday, June 7, 2018. Photographer: SeongJoon Cho/Bloomberg

Daimler’s main Chinese joint venture partner BAIC Group has signalled its intention to increase its stake in the German luxury car manufacturer, sources briefed on the matter said, after it built up a 5% Daimler stake in July.