BMW and Audi invest $2.81bn and $4.95bn respectively in China's electric vehicle market.
German carmakers BMW and Audi increase investments in China's electric vehicle market, signaling confidence in rapid growth. BMW announces a $2.81bn investment in Shenyang production base, while Audi plans a $4.95bn project to produce electric vehicles in Changchun, with three new models tailored for China by 2025. These investments reflect China's growing electric vehicle market, projected to outpace Europe and the US.
May 06, 2024
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