September 18, 2006

DaimlerChrysler opens new joint plant in Beijing

Beijing, China – BeijingBenz-DaimlerChrysler Automotive Ltd. (BBDC) has celebrated the opening of its new manufacturing facility in China. The plant is a joint venture of the two shareholders, DaimlerChrysler AG and Beijing Automotive Industry Holding Co. (BAIC). The plant currently builds the Mercedes-Benz E-Class and Mitsubishi Outlander sedans, and will begin production of the Chrysler 300C sedan soon, with the Mercedes-Benz C-Class slated for production.

“Almost a quarter of a century after DaimlerChrysler co-founded the first international automobile joint venture in China, the opening of the BBDC’s new manufacturing facility is another milestone in our long tradition in China,” said Dr. Dieter Zetsche, Chairman of the Board of Management of DaimlerChrysler AG and Head of the Mercedes Car Group. “This brand new facility is tangible example of our continued growth in Northeast Asia and a major step towards realizing our ambitious goals in the fastest-growing market in the world.”

BBDC has the capacity to build up to 25,000 Mercedes-Benz vehicles, and 80,000 Chrysler and Mitsubishi vehicles annually, with room to expand as needed.

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