The two companies last year struck a deal to combine their European steel units to create the continent's second-largest steelmaker after ArcelorMitta
It will offer routing and navigation services, as well as map display and positioning services in the world's largest passenger car market.
IPOs & Markets
Before this, Byton will seek another round of fundraising from private investors prior to starting production of its vehicle.
The deal creates a new competitor to Didi Chuxing, which currently dominates a Chinese ride-hailing market.
The size of the stake remains unclear but is likely to be below 3%.
Fountain Vest plans to invest and expand the turbos business.
Thyssenkrupp and Tata Steel have been in talks for two years.
IPO to value firm at 3.5-4 billion euros.
Daimler CEO said he sees potential for expanding production in China.
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