Skip to content
Subscriber Only

Daimler to Invest 2 Billion Euros to Expand China Production

Daimler AG, the maker of Mercedes-Benz cars, plans to invest 2 billion euros ($2.7 billion) in China building its largest car factory as it seeks to challenge BMW and Audi in the country.

The plant is scheduled for completion as early as 2014 and will help Daimler double China production to more than 200,000 units a year, Hubertus Troska, 53, head of the China business, said in Beijing today. The investments will also go into an engine plant and other auto production facilities.