BMW to invest over EUR 3bn in Shenyang plants, extend JV to 2040

BMW Group announced an investment of over EUR 3 billion in its Shenyang plants, including a new plant in Tiexi and expansion in Dadong, to increase annual capacity to 650,000 vehicles and create 5,000 jobs. The joint venture contract with Brilliance was extended to 2040.

“The BMW Group will invest more than 3 billion euros (3.5 billion U.S. dollars) in new and existing plant structures in Shenyang over the coming years.”xinhuanet.com

• 1 source
• xinhuanet.comXinhua Headlines: China's old industrial base opens wider to foreign investors - Xinhua | English.news.cnOct 11, 2018

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