BMW to invest 10 bln yuan in battery production project in China-Xinhua
BMW to invest 10 bln yuan in battery production project in China-
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BMW to invest 10 bln yuan in battery production project in China-
DALIAN, China -- BMW will invest 10 billion yuan ($1.40 billion) to expand production of electric vehicle batteries in China, where the comp
German premium automaker BMW is investing around 10 billion yuan ($1.41 billion) to expand the battery production facility at its manufacturing base in Shenyang, capital of Liaoning province.
SHENYANG, Nov. 14 (Xinhua) -- BMW Group joint venture in China, BMW Brilliance Automotive Ltd. (BBA), will invest 10 billion yuan (about 1.4 billion U.S. dollar
German automaker BMW announced an investment of 10 billion yuan ($1.39 billion) to expand its battery production facility in China, reaffirming its strong confidence in the Chinese market. This is another major investment from BMW to accelerate its electrification transition following the opening of the Lydia plant in Shenyang, Liaoning province, this June.