BMW to invest 10 bln yuan in battery production project in China
SHENYANG, Nov. 14 (Xinhua) -- BMW Group's joint venture in China, BMW Brilliance Automotive Ltd. (BBA), will invest 10 billion yuan (about 1.4 billion U.S. dollars) into a new battery production project in northeast China's Liaoning Province.
The signing ceremony of the project was held Friday in Shenyang, the capital of Liaoning. The signed agreement will see BBA expand battery production capacity at its Shenyang production base.