Daimler plans to raise stake in joint venture with China's BAIC Motor Corp

Daimler plans to raise stake in joint venture with China's BAIC Motor Corp

FILE PHOTO: An employee works on an assembly line producing electronic cars at a factory of Beijing Electric Vehicle, funded by BAIC Group, in Beijing, China, January 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

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.

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