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Daimler AG plans more auto-parts sourcing in China

From alibaba.com| October 28 , 2008 09:17 BJT

Daimler AG plans to increase its sourcing of automotive components from China by nearly eight-fold within four years as it expanded production to meet growing market demand.

The world's second-largest luxury car maker will buy 22 billion yuan (US$3.25 billion) worth of car components in China, up from the 2.8 billion yuan for this year, the company said in a recent statement.

The sourcing will also be shared by Daimler's domestic partner, Beijing Automotive Holdings Ltd, including its passenger car and commercial vehicle subsidiaries.

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