BC-EU--BMW-China 3rd Ld-, 0333
Contributed by NAMPA / Associated Press.
BMW ramps up investment in China to meet electric demand<
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By DAVID McHUGH<
FRANKFURT, Germany (AP) - German automaker BMW is taking a majority stake in its China joint venture and investing 3 billion euros ($3.5 billion) in factories there, underscoring the importance of the Chinese market as the company prepares to meet increased demand for electric vehicles.
Munich-based BMW said Thursday ...