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Tuesday, 17 May 2011

BMW doubles investment in China

China Daily
May 16, 2011

BMW Group recently announced it will almost double the investment in its new Shenyang factory to around 1 billion euros ($1.42 billion) to enable higher production and increased local content.

With its joint venture partner Brilliance Auto, the automaker started construction on the new plant in the capital of Liaoning province in the middle of last year. At the time the announced investment was 560 million euros ($795 million).

The additional investment will be shared between the two partners and used to build press and paint shops and to expand infrastructure at the new plant in Tiexi district of Shenyang, the company said in a statement.

The new factory will have an initial capacity of 100,000 cars a year when it is completed early next year, according to BMW. Planned products made at the facility include the X1 SUV.


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