On Friday, the 29th of November 2019, the German luxury carmaker BMW alongside its Chinese alliance partner Great Wall Motor had issued a joint statement saying that they were sketching out a plan to manufacture an assembling plant in China which would have an output capacity of 160,000 cars per year and would produce BMW’s electric MINI brand alongside Great Wall Motor models.
Aside from that, BMW alongside its Baoding-based Chinese automobile manufacturer, Great Wall Motors Co. Ltd. had also added in their joint statement that the €650 million Chinese plant would be completed by 2022. In point of fact, automakers alongside its suppliers across the globe were scuffling to deal with a major blow in China brewed off tougher Chinese quotas for less polluting vehicles, while the latest rules were prompting the carmakers to roll out electric and rechargeable hybrid vehicles which would likely to account for one-fifth of total vehicle sales by 2025.
Apart from that, German luxury carmaker Bayerische Motoren Werke AG, commonly abbreviated as BMW, alongside its Chinese JV partner Great Wall Motors had also said in their Friday’s (November 29th) statement that the Spotlight Automotive, would be located in Zhangjiagang near Shanghai and would employ roughly 3,000 staffs.
Besides, latest move of BMW comes over the foothills of its larger German peer Volkswagen AG and US-based e-vehicle manufacturer Tesla Inc., which had been planning to manufacture roughly 500,000 and 600,000 vehicles respectively per year at their Chinese factories.