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BAIC and Daimler to build US$1.9b China production plant

BAIC and Daimler to build US$1.9b China production plant

February 25, 2018

HONG KONG, Feb 25 — BAIC Motor Corp and Daimler AG plan to build a new factory in China for Mercedes-Benz vehicles to meet growing demand as the German automaker deepens its ties with the country. The automakers will co-invest more than 11.9 billion yuan (RM7.4 billion) to build the facility, BAIC said today in a brief filing to the Hong Kong stock exchange. The statement didn’t disclose the location of the production base. “The new factory will manufacture various... Read more

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