Beijing Automotive Industry Holding Co. begins construction of a RM5 billion ($770 million) 2-plant vehicle production base in Guangzhou, capital of south China's Guangdong province. Ye Niuping, mayor of Guangzhou suburb Zengcheng, tells the government’s Xinhua news agency the first plant will cost RM1.5 billion ($231 million) and the second RM3.5 billion ($540 million). BAIC says the first phase of the project will be completed by the end of next year. The base mainly will produce ...

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