Foreign firms expand investment in China amid business recovery, further opening up
2020-09-17 13:45:00

-- BMW Brilliance Automotive (BBA), a joint venture between BMW Group and Brilliance China Automotive Holdings Ltd., announced the second phase of its high-voltage battery center began production in Shenyang, capital of northeast China's Liaoning Province. The decision has been regarded as another significant step by the BMW Group in its pursuit of further investment in China.

-- Despite severe challenges posed by COVID-19 this year, foreign firms like BMW are upbeat on the Chinese market while the country goes all out to boost work and production resumption.

-- Keenly aware of China's economic resilience and development momentum, foreign enterprises are more actively involved in the process of China's further opening up.

SHENYANG, Sept. 16  -- The opening of a new battery plant affiliated to BMW is the latest testament to the confidence of foreign firms in the Chinese market amid the country's steady economic recovery and resolute commitment to opening up.

Photo taken on Sept. 14, 2020 shows the opening ceremony of the second phase of a high-voltage battery center invested by BMW Brilliance Automotive (BBA) in Shenyang, northeast China's Liaoning Province. (BMW/Handout via Xinhua)

BMW Brilliance Automotive (BBA), a joint venture between BMW Group and Brilliance China Automotive Holdings Ltd., announced the second phase of its high-voltage battery center began production in Shenyang, capital of northeast China's Liaoning Province, on Monday, a day after the German carmaker unveiled its new fully-electric BMW iX3, which is to be produced in China and exported to the world.

Source: Xinhua Editor: Hiram