MINI to build cars in China with Great Wall

BMW to outsource China mini car making to Great Wall

BMW to outsource China mini car making to Great Wall

Just earlier this week a news report from China emerged claiming BMW was interested in joining forces with Chinese manufacturer Great Wall.

Another person familiar with the matter said the new joint venture in the eastern city of Changshu would not deal with gasoline or diesel powered cars, indicating a focus on electric vehicles was likely. That strategy helped propel the company to a 26 percent sales surge previous year. "But producing electric cars will help BMW to meet its quota now that China demands every carmaker in the country. produce a certain number of such cars starting from 2019".

Vehicle manufacturers have recently announced a raft of investments and tie-ups in China. As a result, names like Volkswagen AG, Ford Motor Co. and Renault-Nissan have all announced electric vehicle joint ventures in China this year.

However, BMW Group is facing the same financial headwinds as most other automakers as they transition to electrification.

It appears that MINI production is about to venture into China for the first time, if a report by Bloomberg is to be believed. It added that both companies signed an agreement in April 2016 to study the feasibility of developing electric vehicles and traditional power vehicles in China.

Munich has already been building BMWs in China with Brilliance Auto since 2003. Shares in Brilliance fell on Wednesday. Trading in the stock will resume on Monday, the company said.

A Great Wall official declined to comment.

Subsequently, Hyundai was also linked as a buyer to Jeep brand.

Last month it struck a deal to secure supplies of lithium, a mineral key for developing electric vehicles.

The aim of the new partnership is so that BMW can increase production volumes and its market share in the EV segment.

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