Daimler will sign an agreement for a commercial vehicle joint venture with China's Beiqi Foton Motor Co. on August 7, the Chinese truck maker said.
The deal comes after Shanghai-listed Foton Motor scrapped plans to sell a 24% stake to the German luxury automaker late last year after failing to win government approval.
The company has said that under a new agreement, Foton and Daimler will discuss ways to work together to produce medium and heavy trucks, including a joint venture.
Daimler also has a joint venture with Foton's parent, Beijing Automotive Industry Holdings Corp., which makes Mercedes-Benz sedans.
Copyright Agence France-Presse, 2008
