Daimler AG's China venture plans to increase capacity 45% at Mercedes-Benz plants
Jun.7,2021
Image by Mikes-Photography from Pixabay

Beijing Benz, a joint venture between German's Daimler AG and China's BAIC Motor, plans to increase shifts and working days at its two plants in Beijing, which may boost capacity to make Mercedes-Benz vehicles by 45%, according to Reuters.

The projected upgrade at Beijing Benz Automotive Co (BBAC), 49%-owned by Stuttgart-based Daimler and the latter’s main business in China, was set out in a document posted on the BBAC website last month to seek public opinion on the expansion.

It comes as demand for BBAC’s luxury vehicles surges in the world’s biggest car market. China is Daimler’s biggest country business, with more cars sold there than in Germany and the United States combined.

Source: https://www.reuters.com/business/autos-transportation/daimlers-china-venture-aims-raise-capacity-45-mercedes-benz-plants-document-2021-06-07/

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