BEIJING (Reuters) - Daimler < and its Chinese partner BAIC Motor will sign a new strategic cooperation agreement on Tuesday, BAIC Chairman Xu Heyi said on Monday.
Daimler will become "one of BAIC's important partners" with shareholding rights", Xu said at a ceremony to officially open a new Mercedes-Benz engine plant in Beijing.
"We will never be able to live apart from each other."
In February, Daimler had announced it would buy a 12 percent stake in BAIC Motor and get two seats on the board.
(Reporting by Norihiko Shirouzu; Writing by Samuel Shen; Editing by Jacqueline Wong)