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To Produce Mini Electric Car

According to Reuters quoted two informed sources on Wednesday revealed that the German luxury car manufacturer BMW is seeking with the Great Wall Motor in China to form a joint venture, focusing on the production of electric vehicles.


"We are discussing the establishment of a joint venture with Great Wall Motor Company, producing cars in Changshu," said BMW executives, who declined to be named. "But I do not know to what extent the joint venture has been made, or whether the two companies have received government Approved the establishment of joint ventures.


Another source said the Great Wall and BMW in Changshu, the new joint venture will not produce gasoline or diesel power car. This indicates that there may be a focus on electric vehicles.


In the Chinese market, in 2016 BMW Group sales for the first time exceeded 500,000, total sales of 516,300 (including MINI), year on year (463,800) increased by 11.3%, is second only to Audi's second largest luxury brand


BMW is trying to keep the second position ahead of the third Mercedes-Benz. In 2016, Mercedes-Benz sales in China increased by 26.6%.


Recently, foreign carmakers have announced a series of investments and cooperation in China. Tesla, Ford, Daimler, General have already announced that they will build electric vehicles in China.


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