Daimler and BAIC agree to invest USD605 million in Chinese engine plant expansion
Beijing engine plant was opened in 2013
Daimler and Chinese partner BAIC Motor have signed a CNY4-billion (USD605-million) deal to expand the engine plant of the Beijing Benz Automotive Company (BBAC) in Beijing, China, according to the German automaker in a statement sent directly to IHS Automotive.
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