Manufacturing News

China's Beijing Auto to spend $4.8 bln on R&D over 3 yrs

Beijing Automotive Industry Holding Corp (BAIC), China's fifth-largest carmaker, said it will invest 33 billion yuan ($4.83 billion) in vehicle development and production over the next three years, following its purchase of technology from GM's Saab unit.

The company announced the investment figure on Wednesday at a media briefing following its purchase of the Saab intellectual property, including three vehicle platforms.

Earlier in the day, BAIC said it had paid $200 million for the property from Saab, including rights to the vehicle platforms, two engine technologies and two transmission systems.

Most Viewed in 24 Hours

Special

Start a Digital Twin Journey from Engineering Simulation

Accenture releases survey of digital transformation

CIMC Reduces Unplanned Downtime by 30% with Greater Operational Insight from ThingWorx

Ansys Simulation Speeding up Autonomous Vehicles

回到顶部
  • Tel : 0086-27-87592219
  • Email : service@e-works.net.cn
  • Add: 3B1 International Business Center, No. 18 Jinronggang Road (No.4), East Lake High-tech Development Zone, Wuhan, Hubei, PRC. 430223
  • ICP Business License: 鄂B2-20030029-9
  • Copyright © e-works All Rights Reserved