Beijing Automotive Industry Holding Co. Ltd. begins construction on a RMB10 billion ($1.5 billion) parts plant in Beijing. The government’s Xinhua news agency says the facility, located in the city’s Tongzhou district economic-development zone, is expected to become a world-class assembly base integrating research and development with design and manufacturing. It will produce 400,000 automatic, 30,000 manual and 300,000 continuously variable transmissions annually when it reaches full ...

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