BAIC Motor, Daimler plan $1.9 billion new production base in China

HONG KONG (Reuters) - Baic Motor Corporation and Daimler AG are planning to co-invest more than 11.9 billion yuan ($1.88 billion) to build a new local production base for their joint venture, Beijing Benz Automative, Baic said on Sunday.

from Reuters: Business News http://ift.tt/2Fv0gBy