--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
DaimlerChrysler to Make Mercedes in China

German automaker DaimlerChrysler AG has clinched joint venture deals with three Chinese partners Friday to produce Mercedes-Benz cars and vans in China.

The deals were signed during a visit by Chinese Vice Premier Zeng Peiyan to a DaimlerChrysler plant in Bremen City, northern Germany.

Under one of the high-profile agreements, DaimlerChrysler will build Mercedes-Benz E and C-Class sedans in a new facility in Beijing with long-time partner Beijing Automotive Industry Holding Co. (BAIC).

The facility was designed to produce up to 25,000 units a year in short-medium plans and the vehicles were expected to begin rolling off the line in mid-2005, DaimlerChrysler said.

The company will also manufacture Sprinter and Viano/Vito vans at a new facility in Fuzhou City with Fujian Motor Industry Group and China Motor Corp.

The facility, with a designed annual capacity of 40,000 units, is expected to start operating by 2006.

"This important step strengthens the excellent relationship with our Chinese partners and provides DaimlerChrysler with a broader and more focused presence in Asia's most important growth market," Ruediger Grube, the DaimlerChrysler board member responsible for China, said in a statement.

Both contacts were valid until 2034, DaimlerChrysler said.

It was investing 1.2 billion euros (US$1.57 billion) in China for its ongoing and future projects to realize Mercedes-Benz passenger car and van production, the German automaker said.

It will also employ about 15,000 people in China through the joint ventures.

(Shenzhen Daily November 29, 2004)

DaimlerChrysler to Build Trucks in China
DaimlerChrysler Plans Sales Drive in China
Mercedes-Benz Focuses on Chinese Market
DaimlerChrysler Signs US$1.19 Bn China Deal
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688