China regulator approves joint venture set up by Mercedes-Benz and BMW Brilliance By Reuters

© Reuters. FILE PHOTO: The emblem of Mercedes-Benz is seen exterior a Mercedes-Benz automotive supplier in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photograph

BEIJING (Reuters) – China’s market regulator accepted a three way partnership arrange by Mercedes-Benz (OTC:) (China) Funding Restricted and BMW (ETR:) Brilliance Automotive Ltd, the State Administration for Market Regulation mentioned in a press release launched on Sunday.