By Martin Mou

BAIC Motor Corp. (1958.HK) and Daimler AG's China unit (DAI.XE) have agreed to increase capital in their Chinese car-leasing joint venture.

BAIC Motor will contribute another 175 million yuan ($24.8 million) to Mercedes-Benz Leasing Co., while Daimler Greater China Ltd. will raise its capital in the joint venture by CNY325 million, BAIC Motor said Thursday.

Write to Martin Mou at martin.mou@wsj.com

(END) Dow Jones Newswires

December 05, 2019 06:05 ET (11:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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