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BAIC to raise 3b yuan for its electric-car business

It will sell shares in the unit on Shanghai's exchange for emerging firms: sources

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A charging station for electric cars at a Beijing Electric Vehicle Co factory. The carmaker's electric vehicle sales may more than double to 55,000 units this year.

Beijing

BAIC Group is seeking to raise about three billion yuan (S$638.3 million) in a financing round for its electric-car business, with plans to sell shares in the unit on Shanghai's exchange for emerging companies, according to people familiar with the matter.

Beijing Electric

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