BMW Brilliance Joint Venture in China until 2040

extended

The BMW Group expands its commitment in China with a number of measures. So far, the cooperation with Brilliance has been running for 15 years, the associated ceremony, the Munich-based used to the idea of your future China programme: The Joint-Venture with Brilliance Automotive is prematurely extended until 2040. Your share of BMW Brilliance Automotive will increase, the BMW Group is from 50 to 75 percent and, therefore, the majority of the Joint Venture.

The Foundation stone for further successful cooperation sets the production in China. For this purpose, to be invested in the coming years, more than three billion euros in the BMW plant Shenyang: The capacity of the plant Tiexi is to be doubled, also the neighboring Dadong plant will be expanded. From the beginning of the early 2020s, the annual production capacity is expected to rise in China at 650,000 units, of which 5,000 new jobs will be created.

In the past year, the BMW Group is already built around 400,000 vehicles in China. The production complex in Shenyang is starting from 2020 to the home of the new electric SUV BMW iX3. So far in Tiexi, the BMW 1-series sedan, the 2 series Active Tourer, the 3 series sedan with a short wheelbase and the long version of the F35 , as well as the BMW X1 long version , including the China-exclusive Plug-in hybrids, X1 xDrive25Le built. In Dadong will be the BMW X3 and the 5 series, including the long version of the G38 built.

China is already since years the largest single market for the BMW Group. In just the first eight months of the current year were sold in China, more than 400,000 vehicles. In a global perspective, the sales figures in China regularly to a level comparable with the sales in the USA and Germany.

Harald Krüger (Chairman of the Board of management of BMW AG): “We are implementing our growth strategy for China. With continuous investments, as well as the development and production of electric vehicles, we will highlight China’s importance as a dynamic growth market for us. Our success story goes Hand-in-Hand with the success of the Joint venture BBA. Together with our partners we make a contribution to the sustainable development of the Chinese market.”

Yumin Qi (Chairman of the Board of Brilliance Automotive Group Holdings): “BMW Brilliance Automotive is a unique success story and stands out as an example of a trustful partnership. This joint success drives the economic development of Liaoning province.”

Dr. Nicolas Peter (member of the Board of management of BMW AG, responsible for Finance): “Today we are celebrating not only 15 years of a strong and reliable partnership with Brilliance. Together, we lay the Foundation for the further growth of the BMW brand in China.”

Oliver Zipse (member of the Board of management of BMW AG, responsible for production): “We will expand our production system in Tiexi to a new plant. With this new plant, the existing engine plant and the battery production, we are ideally positioned. With our highly flexible production system, we can react quickly to the market demand and would be able to produce up to 100 percent electric vehicles.”

Dr. Johann Wieland (President of BMW Brilliance Automotive): “15 years of BMW Brilliance, a joint success story we share with our partners and over 18,000 employees. With additional investment, innovation and job creation, we will continue our excellent development and the economic growth in Liaoning province.”

[resources : bimmertoday.de]
by : klonr.com

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