The Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC) have signed today in the presence of Federal Chancellor Dr. Angela Merkel and Chinese Premier Wen Jiabao of a strategic framework agreement. The two companies plan to expand their cooperation in China. The joint venture Beijing Benz Automotive Co., Ltd..
(BBAC) are converted to a total of around € 2 billion invested. / B The local production for the Chinese market from 2011 to the GLK compact SUV in 2013 and gradually expanded to three models of the new generation of Mercedes-Benz compact cars. The existing production capacity for the C-Class and E-class long-wheelbase version will be removed annually from the current level around 80 000 vehicles in accordance with market demand.
(BBAC) are converted to a total of around € 2 billion invested. / B The local production for the Chinese market from 2011 to the GLK compact SUV in 2013 and gradually expanded to three models of the new generation of Mercedes-Benz compact cars. The existing production capacity for the C-Class and E-class long-wheelbase version will be removed annually from the current level around 80 000 vehicles in accordance with market demand.
