Mercedes-Benz to increase investment in China


By Shan WeiyiRao Bo

FRANKFURT, Sept. 4 (Xinhua) -- Germany's leading luxury automaker Mercedes-Benz announced on Wednesday that, along with its Chinese partners, it would invest an additional 14 billion yuan (1.97 billion U.S. dollars) into the Chinese market, increasing its product portfolio in the country.

The German automaker has plans to release an array of new models onto the Chinese market, some of which will make their debut as early as 2025, the company said in a press release.

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