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

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS

China's market regulator approved a joint venture set up by Mercedes-Benz (China) Investment Limited and BMW Brilliance Automotive Ltd, the State Administration for Market Regulation said in a statement released on Sunday.