BMW AG, the world's largest maker of luxury cars, signed an agreement with its Chinese partner Brilliance Auto to invest $735 million to expand the capacity of their joint venture in China, Reuters reported last week.
German luxury car maker BMW AG on Tuesday signed a memorandum of understanding with its Chinese partner, Brilliance China Automotive Holdings Ltd<1114>, to invest US$735 million to raise production capacity, sources reported.The investment will partly be used to fund the expansion of an existing joint...
Shanghai, November 12 (Gasgoo.com) BMW AG, the world's largest maker of luxury cars, signed an agreement today with its Chinese partner Brilliance Auto to invest $735 million to expand the capacity of their joint venture in China, Reuters reported.
By Chen Xiaomin As demand for automobiles continues to surge, BMW announced Thursday that it would increase investment in its Chinese joint venture, BMW Brilliance Automotive, in order to expand production capacity to 300,000 units. Construction on the new plant, to be located in Shenyang, will ...
Shanghai, November 10 (Gasgoo.com) BMW AG, the world's largest maker of luxury cars, said yesterday that it sold 9,558 cars of its BMW and Mini brands in China last month, up 81% from a year earlier, the Wall Street Journal reported.
BMW AG, the world's largest premium car maker, said on Monday that it sold 9,558 units of BMW and Mini-branded cars in China last month, 81% more than in the same period of last year, the Wall Street Journal reported.In the first ten months of the year, vehicle sales in China rose 36.7% from 52,622 units a year ago...
SAIC Motor Corp. is in talks with BMW about making the German automaker's 7 Series model in China, according to Oriental Morning Post, citing an unnamed person working for SAIC. SAIC has denied the news, and a public relations person from BMW China didn't confirm the talks either. The Chinese aut...
Shanghai, October 23 (Gasgoo.com) The robust sales of BMW cars in China over the first nine months of the year made the country the fourth-largest market for the German premium car marker, media reported.
Shanghai, October 15 (Gasgoo.com) German premium car marker BMW AG said earlier this week that its sales in mainland China rose 32% year on year (y/y) to 62,394 in the January-September period, Dow Jones reported.
Shanghai, October 10 (Gasgoo.com) The BMW 1-Series models may be made in China within the next few years at BMW's Chinese venture with Brilliance Auto, China Car Times said earlier this week.