8.27Beijing Auto looks to build production facility in Lithuania

Beijing Auto looks to build production facility in Lithuania

 

http://autonews.gasgoo.com/auto-news/1011930/Beijing-Auto-looks-to-build-pro
duction-facility-in-Lithuania.html

 

Shanghai, August 27 (Gasgoo.com) Chinese carmaker Beijing Automotive (BAIC)
is mulling on the possibility of building a production facility in Lithuania
as it looks to secure a base with access to the European market. 

 

According to a report by Baltic Business Daily, the company is looking to
establish the factory alongside a distribution and logistics centre as it
seeks to expand its presence in China and world auto market. 

 

"Beijing Automotive Industry Holding hopes to enter the European market both
in terms of logistics and production and trade," said Daumantas Lapinskas,
an aide to Lithuanian Economy Minister Dainius Kreivys. "The company sees
Lithuania as a potential partner and will explore the market." 

 

The report said BAIC officials have already met with Lithuanian government
officials though no preliminary agreement or memorandum of understanding
(MoU) has been signed. 

 

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