Fujian Daimler invests $67 million for R&D center

Fujian Daimler will start expanding its commercial vehicles' R&D center in August with $67 million of investment capital, and the construction will be completed within two to three years, according to the Beijing News.

"The initial plan was to invest 100 million yuan ($14.76 million), but the government asks joint ventures in China to invest at least 500 million yuan for R&D centers, so Daimler and Fujian Motor decided to add investment," said an insider.