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BMW to Tie up With Great Wall to Expand Production in China
BMW to Tie up With Great Wall to Expand Production in China
Published On: 13 October 2017
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The company could work with Great Wall to increase production volumes and bolster its EV presence.
The company is considering another joint venture with Great Wall in China to increase its production volumes and bolster BMW’s electric vehicle presence in the growing auto market.
According to Chinese law, an international brand is required to partner with a domestic player to make vehicles in its market. BMW is looking at increasing production volumes and its market share in the EV segment. The government is planning to bring strict quotas for the percentage of electric products sold by carmakers and a lot of manufacturers are think they are too stringent and have asked for leniency.
All the electric models produced under the BMW-Great Wall joint venture will most probably be produced in Changshu. For now, BMW has not yet confirmed if the plant will churn out BMW-only products or if it will use a second production facility for the upcoming electric Mini.
The German carmaker is currently the second-largest premium car maker in China after Audi.
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