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Fuyao Glass Industry Group plans to spend 1.4 billion yuan ($202 million) to expand production in Germany, the United States and Russia, company CEO Cao Dewang told state-owned China Daily newspaper. Cao said he expects to spend up to 700 million yuan to build an automotive glass factory in Heidelberg, Germany, to supply Daimler, Volkswagen, Audi, Bentley and Jaguar Land Rover.
Two Chinese research institutes are teaming with a German company to develop fuel cells in Dalian, the China Daily reported. The Dalian Hydrogen Energy Research Institute will team with the Dalian Metal Surface Coating Research Institute to develop, produce and sell hydrogen fuel cells, according to the state-owned newspaper.