Daimler to make Mercedes Benz trucks in Beijing

Wednesday, 02. December 2020 09:41

Chief Executive of the joint venture between Daimler AG and Chinese Beiqi Foton Motor Co. Ltd., Kelley Platt, announced on Wednesday the two companies would invest close to $580 million to produce Mercedes Benz-branded trucks in Beijing.

According to the statement, the production is set to start in two years.

This is the second Daimler's collaboration with Chinese companies in recent times, as the company joined forces with Geely Holding last month to develop "highly efficient" powertrain systems for next-generation hybrid vehicle applications.

Related Links: Daimler AG
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Breaking the News / ND