Dai Ke Accelerates China: Beijing Mercedes-Benz to Add Capital to Fujian Mercedes-Benz to Start Construction


In the world's top nine automotive groups, DaimlerChrysler AG, the slowest mover in China, began its full-scale launch on the 26th: At the same time, it also joined hands with BAIC Group and Fuqi Group to start the North-South attack. Beijing Benz capital increase finalized on the 26th, Daimler - Chrysler AG and Beijing Automotive Industry Holding Co., Ltd. to increase production of Mercedes-Benz sedans, in the German city of Bremen held a signing ceremony. According to Beijing Auto Holding Corporation, the capital increase cooperation contract has determined that the newly formed company’s newly-added registered capital is 140.68 million euros, and the Chinese and foreign parties each account for 50% of the shares; at the initial stage of the joint venture, 20,000 E-class and C-class cars are produced, and the joint venture period is 30. year. At the same time, a car factory that possesses advanced technologies and the best brands in the world's automotive manufacturing industry will be completed in the Beijing Economic and Technological Development Zone. According to the project promotion plan, the domestically produced Beijing Mercedes-Benz sedan will be gradually pushed to the market in phases, with the joint efforts of both Chinese and foreign parties. Previously, the feasibility study report of the Mercedes-Benz sedan project has been officially approved by the National Development and Reform Commission. Domestic Mercedes-Benz E-class and C-class sedan cars have also been unveiled at this year's Beijing and Guangzhou auto shows. Fujian Benz began construction at the same time and in the same location. DaimlerChrysler AG and Fujian Automotive Industry Group held a signing ceremony for the Fujian Mercedes-Benz project. The Mercedes-Benz Fujian project is the introduction of the Dai-Ke auto manufacturing technology and the construction of welding, painting and assembly lines and supporting facilities in Fuzhou Qingkou Automobile City. The first phase of the project plans to produce 40,000 light vehicles per year, and the second phase will be expanded to an annual output of 60,000 vehicles. The project product will be a light passenger bus with 20 Mercedes-Benz brands. The project has a total investment of 188 million euros and a registered capital of 160 million euros. The project is expected to start production at the end of 2005. According to Fuqi Group's news, the Fujian Benzier project preparation team, consisting of dispatched personnel from Fuqi Group and Dyke Company, is stepping up preparations for the official construction of the project at the end of this year. Futian Project became a Fortress Fortress With the finalization of the two major projects of passenger cars and light buses, Dai-ke and Beiqi Group's other project, Beiqi Futian Commercial Vehicle Co., Ltd. has become the last “treasure fortress”. As early as September of last year, Foton Motor issued an announcement that the parent company of the majority shareholder, Beijing Automotive Industry Holdings Co., Ltd., and DaimlerChrysler AG signed the "Strategic Cooperation Framework Agreement", Dai-ke plans to acquire Foton. The company’s legal person shares in order to achieve full cooperation in the field of commercial vehicles between Foton Motors and Daihke AG. According to the plan, Dai-ke will acquire 21% of Foton Motor’s legal person shares, and will form a joint venture heavy truck company with a 50% stake in the company’s Auman Heavy Trucks. The first step in the joint venture between the two parties is to expand the current capacity of 60,000 vehicles to 100,000 medium-duty trucks and add 45,000 Mercedes-Benz engines. The implementation of the three projects, together with the previous Yaxing Mercedes-Benz bus, will enable the Mercedes-Benz brand's various uses vehicles to have production sites in China. Reporter Gong Ping Yu Zhimin

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