BMW to invest 10 bln yuan in battery production project in China

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BMW to invest 10 bln yuan in battery production project in China

STORY: BMW to invest 10 bln yuan in battery production project in China DATELINE: Nov. 15, 2022 LENGTH: 00:01:57 LOCATION: SHENYANG, China CATEGORY: ECONOMY SHOTLIST: 1. various of BMW's manufacturing process 2. SOUNDBITE (English): FRANZ DECKER, President and CEO of BBA STORYLINE: BMW Group's joint venture in China, BMW Brilliance Automotive Ltd. (BBA), will invest 10 billion yuan (about 1.4 billion U.S. dollars) into a new battery production project in northeast China's Liaoning Province. The signing ceremony of the project was held Friday in Shenyang, the capital of Liaoning. The signed agreement will see BBA expand battery production capacity at its Shenyang production base. Franz Decker, president and CEO of BBA, noted that the company has full confidence in the Chinese market, and the investment is a "crucial next step" in the BMW e-mobility strategy in China. SOUNDBITE (English): FRANZ DECKER, President and CEO of BBA "We at BMW believe in cooperation and win-win partnerships. If you just look at

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