Bmw Ramps Up Investment In China To Meet Electric Demand

FRANKFURT, Germany (AP) — German automaker BMW says it is taking a majority stake in its China joint venture and investing 3 billion euros ($3.5 billion) in production there as it prepares to meet increased demand for electric vehicles. Munich-based BMW said Thursday it would pay 3.6 billion euros ($4.2 billion) to raise its stake in BMW Brilliance Automotive Ltd.Read more on NewsOK.com

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