BIZCHINA / Overseas Investment
New auto plant kicks off in Beijing
(China Daily)
Updated: 2006-09-18 11:29
Beijing Benz-DaimlerChrysler Automotive Co Ltd (BBDC), a joint venture
between German-US auto giant DaimlerChrysler AG and the State-owned
Beijing Automotive Industry Holding Co (BAIC), celebrated the opening of
its new manufacturing facility in Beijing on Friday.
"It opens a new chapter in DaimlerChrysler's long history in China," said
Dieter Zetsche, chairman of DaimlerChrysler AG's board of management and
head of the Mercedes Car Group.
"It is also a milestone for the whole DaimlerChrysler group, for this
world-class manufacturing facility is also the first plant of our group
in the world to produce vehicles under the brands of both DaimlerChrysler
and Mercedes-Benz."
Pouring US$200 million into the BBDC plant is part of DaimlerChrysler's
US$1.5 billion middle-term investment in Northeast Asia and a pillar of
its strategy in this district, Zetsche said.
He added that DaimlerChrysler would be adding more sedan models into the
local production through BBDC.
The plant, located in the Beijing Development Area in the southeastern
part of the capital, has produced Mercedes-Benz E-Class and Mitsubishi
Outlander sedans since last December. It will soon begin producing
Chrysler 300C sedans for a launch in November.
With 20 months' preparation, the first phase of the facility has achieved
an annual production capacity of 800,000 units.
Gnter Butschek, president and chief executive officer of BBDC, told China
Daily that 4,100 Mercedes-Benz E-Class sedans have rolled off the
production line so far.
The company expects an annual production of 25,000 Mercedes-Benz vehicles
and 80,000 Chrysler and Mitsubishi Motors Corp (MMC) vehicles this year,
with room to expand as needed.
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(For more biz stories, please visit Industry Updates)
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