Industrials Nov 13, 2020 04:20 PM (GMT+8) · EqualOcean
Daimler plans to invest $415.3 million with its Chinese partner, BAIC Foton, to produce the Mercedes Benz Actros heavy truck in China for the first time, Reuters reported. The two sides plan to revamp the joint venture's Beijing Foton Daimler Automobile Co., Ltd.'s plant in Beijing, adding a production line with an annual capacity of 50000 Actros.