BMW to invest $3.9 billion in Shenyang, China

BMW will invest 25 billion yuan (nearly $3.9 billion) in Shenyang, the capital city of Northeast China‘s Liaoning Province.

Shenyang is among the automaker’s largest production bases and a research and development center.

BMW CEO Oliver Zipse made the announcement of the investment in a video speech at an economic and trade cooperation promotion event for participants of the China International Import Expo on Friday.

Zipse added that the new investment comes in addition to BMW’s total investment of over 64 billion yuan ($9.90 billion) in Shenyang since 2009.

BMW has a presence in Shenyang for more than 18 years.

BMW’s China joint venture BMW Brilliance Automotive has been the largest taxpayer of the city for years.