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China's market regulator approves Mercedes-Benz, BMW joint venture with Brilliance Automotive Ltd.
China's market regulator has approved a joint venture between Mercedes-Benz and BMW Brilliance Automotive Ltd.
The State Administration for Market Regulation announced the approval in a statement on Sunday.
The joint venture aims to combine the resources and expertise of both companies, allowing them to better compete in the Chinese market.
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El regulador del mercado de China aprueba la empresa conjunta de Mercedes-Benz y BMW con Brilliance Automotive Ltd.