Great Wall Motor in Talks With BMW Over Mini Brand in China

Great Wall Motor in Talks With BMW Over Mini Brand in China

Great Wall Motor in Talks With BMW Over Mini Brand in China

BMW is reportedly in talks with Chinese automaker Great Wall Motors to outsource Chinese production of the iconic Mini. "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".

Reuters earlier this week reported the two automakers were looking to establish a joint venture in China. BMW is trying to stay ahead of third-place Daimler's Mercedes-Benz, which recorded 26.6 percent growth in China sales in 2016 thanks to a fresher model lineup.

New Stranger Things Promo Hints At Eleven's Origin
This is the part where Dustin, Mike ( Finn Wolfhard ) and Lucas ( Caleb McLaughlin ) come in to point and laugh in our faces, by the way.

BMW's China sales grew 11.3 percent previous year. As a result, names like Volkswagen AG, Ford Motor Co. and Renault-Nissan have all announced electric auto joint ventures in China this year.

Great Wall did not specify if the new venture would make traditional gasoline-powered Mini models or electric ones, though it did say that some output could eventually be exported.

Trump takes his media-bashing to a new extreme
This is a direct violation of the 1st Amendment, yet many Trump supporters seem to be on board with this idea. President: Words spoken by the President of the United States matter".

BMW, in a separate statement, said it aimed to expand business in China and could imagine partnership and cooperation for the Mini brand. But China's state planner has said that in principal it will not approve any new foreign joint ventures involving traditional gas-powered cars because the market is already oversupplied.

Great Wall, which does not have any car-making partners, did not make an immediate comment on the report on Wednesday, while BMW also declined to immediately comment. Local media speculation of a tie-up with BMW sent its shares soaring 14% Wednesday, prompting suspension in trading. Its Shanghai-listed shares were suspended from trading, pending an announcement.

China exports up 9%, for 7th month of growth
As result, the trade surplus totaled USD28.47 billion in September versus the expected level of USD38.0 billion. China's trade growth accelerated in September in a sign of resilient global and domestic consumer demand.

Related news