BMW may partner with Great Wall to expand Chinese production
13 October, 2017, 12:44 | Author: Darnell Taylor
The company already has an alliance with Brilliance Auto to produce its range of cars, including China-only models.
German luxury automaker BMW is seeking to establish a joint venture with China's Great Wall Motor.
While BMW already builds cars locally in a venture with Brilliance China Automotive Holdings Ltd, Great Wall doesn't have any carmaking partners in China.
Great Wall, the parent company of Haval, is the biggest SUV maker in China, while BMW is becoming increasingly spooked by the state of Britain's Brexit negotiations and is desperate to broaden the brand's manufacturing base outside the European island.
BMW's China sales grew 11.3 percent a year ago. China wants electric and hybrid cars to make up at least a fifth of the country's auto sales by 2025 and plans to loosen joint-venture regulations to achieve the target. Sergio Marchionne, CEO of FCA said his company won't consider selling Jeep as a separate entity and rejected the idea of making a deal with Chinese rival Great Wall Motor Co, reports Bloomberg.
Thus far neither automaker has officially commented on the reports.
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