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etvfutures.com October 18, 2017


BMW, Great Wall confirm Chinese Mini production talks

13 October 2017, 05:29 | Cesar Cruz

A long-wheelbase X1 is currently built by BMW for the Chinese market Close

BMW X1 long wheelbase

"We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu", said a BMW executive, who was not authorised to speak on the matter.

Moving some production of the iconic British auto to China may help lower manufacturing costs for the German carmaker that is now in the midst of a costly push for electric vehicles as governments around the world seek to cut pollution caused by fossil fuels.

The German vehicle maker said that it was in the midst of strategic development and expansion of its Mini brand, including diversification of partnerships and new cooperation models.

The BMW Group is said to be hammering out a deal with Great Wall Motors to build cars from its upmarket compact brand for export, according to sources familiar to the plan. A spokesman for Great Wall declined to comment, saying the company will issue a formal statement later. "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".

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John Zeng, managing director of LMC Automotive Shanghai, said the possible partnership might be dedicated to electric Mini cars. It added they entered another agreement in February this year to evaluate the feasibility of cooperation for vehicles under the Mini brand.

Subsequently, Hyundai was also linked as a buyer to Jeep brand.

Brokerage Jefferies said in a note that it was "understandable that BMW needs a new partner to defend its market share in a more competitive market", and expected that the move would hit current partner Brilliance.



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