BMW celebrates 20th anniversary of taking root in China--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
German automaker BMW announced an investment of 10 billion yuan ($1.39 billion) to expand its battery production facility in China, reaffirming its strong confidence in the Chinese market. This is another major investment from BMW to accelerate its electrification transition following the opening of the Lydia plant in Shenyang, Liaoning province, this June.