Daimler to Spend $755 Million on Chinese EV, Battery Production

Newswire

* Daimler China JV to produce batteries using local Chinese tech * Believes there's strong consumer appetite in China for EVs (Adds background, executive comments) GUANGZHOU/BEIJING, Nov 17 (Reuters) - Germany's Daimler AG plans to invest 5 billion yuan ($755 million) in China, jointly with its Chinese joint-venture partner, for capacity to produce electric cars and the batteries that power them - part of an effort to help its China operations comply with the country's green ...

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