BMW to Raise Annual China Capacity to 400,000 Units

Newswire

* BMW to double range of China-made cars to six -CFO * Steps designed "to meet needs" of Chinese buyers -CFO * China expansion helps diversify sales away from Europe (Adds detail on new Chinese models and background) BERLIN, July 16 (Reuters) - BMW said on Wednesday it will raise capacity at its two Chinese plants by a third to 400,000 cars over the next two years, increasing its presence in the world's largest auto market. Less than a month after extending its joint venture ...

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