DaimlerChrysler has won final Chinese regulatory approval for its plans to build cars and vans in China with joint-venture partners.
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Locally made Mercedes-Benz cars should start rolling off assembly lines at a new plant outside Beijing in mid-2005, the company said in a statement cited by Reuters.
DaimlerChrysler’s venture with Beijing Automotive Industry Holding Co Ltd (BAIC) aims to build up annual production capacity to as many as 25,000 C-and E-class Mercedes cars in the medium term.
The German-American company also plans to make around 40,000 Sprinters and Viano/Vito vans from 2006 with partners China Motor Corp and Fujian Motor Industry Group, Reuters said.
The joint ventures plan a combined investment of €1.2 billion ($US1.52 billion) and will employ around 15,000 staff, the report added.
