DALIAN, China -- BMW will invest 10 billion yuan ($1.40 billion) to expand production of electric vehicle batteries in China, where the company aims to tap growing EV demand while fending off Tesla and local rivals.
Electric cars in China
BMW commits $1.4bn to expand EV battery output in China
Electric vehicle sales surge in country even as overall auto volume dips
BMW's electric vehicle sales in China rose 65% for the first three quarters of 2022. (Photo by Tomoko Wakasugi)
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