Daimler beefs up local JV with BAIC

By Li Fangfang | China Daily | Updated: 2013-08-28 07:58

German automaker Daimler AG would spend 2 billion euros on a joint venture in Beijing with China's BAIC Motor Group, the funds infusion will finance construction of the world's largest Daimler production facility by 2015. Provided to China Daily

German vehicle manufacturer Daimler AG is investing 2 billion euros ($2.67 billion) in its local joint venture with China's BAIC Motor Group in Beijing, a funds infusion that will finance construction of the world's largest Daimler production facility by 2015, said company executives.