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The European Commission approved the acquisition of joint control of Beijing IONCHI New Energy Technology (Ionchi) by Mercedes-Benz China, BMW Brilliance Automotive and Seres Group, with each holding a 33.3% stake. Seres joins the venture previously controlled by Mercedes-Benz and BMW.
AkzoNobel secured a recommended supplier agreement for automotive refinishes with Mercedes-Benz China, following tests on products and business processes.
AkzoNobel has been named the recommended supplier of automotive refinishes for Mercedes-Benz China following extensive analysis and tests.