BMW Group and Great Wall Motor sign joint venture agreement

BMW Group and Great Wall Motor sign joint venture agreement

10.07.2018: ...for MINI electric vehicles in China Signing during event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel

...for MINI electric vehicles in China




Signing during event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel in Berlin

-  50:50 joint venture with Great Wall Motor

- Further step in the growth and electrification of MINI brand

- No plans for additional sales organisation in China

- Krüger: New level of cooperation between China and Germany




The BMW Group and the Chinese manufacturer Great Wall Motor today signed an agreement to produce MINI electric vehicles through a new 50:50 joint venture based in China.




 During an event for autonomous and connected driving attended by China’s Premier Li Keqiang and Germany’s Chancellor Angela Merkel in Berlin, the BMW Group and Great Wall Motor committed to found a new joint venture, “Spotlight Automotive Limited”, for the development and production of electric vehicles in China. As well as MINI electric vehicles, the joint venture will also produce electric vehicles for Great Wall Motor.




The establishment of the new company is subject to approval from the relevant Chinese authorities and the completion of business registration procedures. The joint venture will be located in Jiangsu Province, where both partners will together create a new state-of-the-art production facility.

 

The production of future battery-electric MINI vehicles in China, the world’s largest market for electromobility, is a key element of MINI’s continued strategic development within the BMW Group’s Strategy NUMBER ONE > NEXT.



 Today’s move follows the “letter of intent” signed with Great Wall Motor on 23 February 2018. It is another significant step towards the electrified future of the MINI brand, coming in addition to start-of-production next year of the first battery electric MINI at the brand’s main plant in Oxford.

 

“Today’s signing represents a new level of cooperation between China and Germany,” said Harald Krüger, Chairman of the Board of Management of BMW AG, during the signing ceremony.




“This strategic partnership is a clear win-win for the BMW Group and Great Wall Motor, enabling us to contribute to China’s ambitious plans to ramp-up new energy vehicles and reduce emissions in the mobility sector,” elaborated Krüger.

 

The joint venture agreement was signed by Wei Jianjun, Founder and Chairman of Great Wall Motor, and Klaus Fröhlich, Member of Board of Management BMW AG for Development. “The strengths and expertise of both companies complement each other well,” said Fröhlich.




“Our experience as a pioneer and leader in the field of electrification, coupled with Great Wall Motor’s proven track-record in efficient industrialisation, enables us together to drive the growth of the largest e-mobility market in the world,” Fröhlich continued. “With our joint approach, we can quickly scale up production and increase efficiency in the highly competitive segment of compact electric vehicles.”

 

“Today’s signing opens a new chapter in Sino-German cooperation,” stated Wei Jianjun. “Great Wall Motor and the BMW Group share a commitment to promote new energy vehicles. With the combined strength of both partners, our new joint venture will accelerate the uptake of electric vehicles,” Wei continued.

 

The BMW Group is firmly committed to continuing the successful cooperation with the established sales structure and channels in China and has no plans to set up an additional sales organisation in China for future MINI electric vehicles from this joint venture. The joint venture’s activities will focus on the development, procurement and production of electric vehicles for the Chinese market.

 

As announced yesterday, the BMW Group will also further expand its highly successful BMW Brilliance Automotive (BBA) joint venture in China with its partner, Brilliance.




In recent years, BBA has become a cornerstone of the BMW brand’s success in its largest market. Around 560,000 BMW brand vehicles were delivered to customers in China in 2017 – more than in the next two largest markets, the US and Germany, combined.



Two-thirds of all BMW vehicles sold in China last year were produced by BBA. In 2017, China was MINI’s fourth-largest market, with around 35,000 units delivered. This underlines the brand’s additional global potential, which will now be significantly supported through the joint venture with Great Wall Motor.

 

The successful strategy behind the continuing expansion of the BMW Group’s global production network obeys a clear rule: production follows the market. This means that increasing production in our largest markets does not lead to a corresponding decrease in production in other plants, but rather the reverse.



For example, although BMW production in China and the USA increased significantly between 2007 and 2017, production in Germany during that time also grew by almost a quarter, to around 1.15 million vehicles a year. A similar expansion strategy could therefore accelerate development of the MINI brand significantly, without questioning the BMW Group’s commitment in the UK, where the company has made significant investments.

 

Christina Hepe,  photo BMW

Permanent-URL: http://www.automobilsport.com/bmw-group-great-wall-motor-joint-venture-mini-electric-china---178568.html

10.07.2018 / MaP

Weitere Beiträge

France becomes a centre of excellence for Renault's electric vehicles within the Alliance
14.06.2018
More than one billion euros to accelerate investments for the development and production of electric vehicles in France    Four leading production sites for electric vehicles:    - Douai: introduction of a new Alliance electric platform    - Flins: doubling of ZOE production capacity weiter >>
More than a quarter of a million electrified BMW Group vehicles on the roads
16.05.2018
- BMW Group electrified sales up 52% in April - Significant double-digit electrified growth in all sales regions -  Overall BMW Group sales continue to grow in April-  Deliveries in year-to-date +2.5%: 799,520 units sold worldwide -  April sales +1.2%: 194,889 vehicles delivered to customers weiter >>
Audi fleshes out its corporate strategy and plans to sell 800,000 electrified cars in 2025
09.05.2018
photo caption:   Concept Car Audi Aicon    CEO Rupert Stadler: “We are taking the initiative. We are lifting electric mobility to the next level.”        CFO Alexander Seitz: “We are weiter >>
Daimler launches new DENZA electric vehicle for the Chinese market
26.03.2018
    Daimler and its Chinese partner BYD continuously invest in DENZA product development for China’s New Energy Vehicle (NEV) market    New DENZA electric vehicle brings a refreshed exterior design and extended range of around 500 weiter >>
Seat Cupra e-Racer - This is how an electric race car is built
05.03.2018
    The CUPRA e-Racer, the world’s first 100% electric touring competition car, can reach 270 km/h    A battery pack with 6,072 cells and four engines for a vehicle that accelerates to 100 km/h in slightly more weiter >>
Renault to open first dedicated Electric-Vehicle concept store in Europe
14.02.2018
•    Renault will open its first Renault Electric Vehicle Experience Center on February 16 in Stockholm, Sweden.•    This new concept store will allow Renault to engage with the general public on the subject of elect weiter >>
Strom-Autos: Chefs von AVL und Magna sehen Umbrüche, Jobchancen – und Konkurrenten
02.02.2018
-Günther Apfalter und Helmut List erörtern mit Energie Steiermark Zukunft der E-Mobility. - Steiermark führt österreichweit bei Neuzulassungen von E-Autos.       v. weiter >>
E-Autos: Fast 54 Prozent mehr EU-Neuzulassungen
01.02.2018
Auch Plug-in-Hybride und mit Gas betriebene Fahrzeuge ziehen stark an  Elektrofahrzeug: 54 Prozent mehr Neuzulassungen in der EU Laut Angaben des Branchenverbands Association des Constructeurs Européens d'Automobiles (ACEA) http://acea.be wurden in der EU 2017 insgesamt 97.571 Fahrzeuge mit weiter >>
Groupe Renault: "The electric vehicle in the ecological transition in France"
25.01.2018
(Study of European Climate Foundation and the Fondation pour la Nature et pour l’Homme), in collaboration with Groupe RenaultGroupe Renault has participated in an unprecedented study conducted by the European Climate Foundation and the weiter >>
All-New Honda Insight Prototype Redefines Segment
19.01.2018
... while Expanding Honda’s Electrified Vehicle Lineup    All-new 2019 Honda Insight will offer universally appealing styling in a roomy five passenger sedan with fuel efficiency competitive with the best in the segment weiter >>
Toyota Aims for Sales of More Than 5.5 Million Electrified Vehicles
18.12.2017
...Including 1 Million Zero-Emission Vehicles per Year by 2030Electrified vehicles to be available across the entire Toyota and Lexus line-up by around 2025Toyota Motor Corporation (Toyota) announces today its pla weiter >>
Electric trucks for BMW Group Plant Munich
04.12.2017
- 100% electric, clean and quiet – BMW Group, ARS Altmann AG and SCHERM Group put two new e-trucks into serviceA total of three e-trucks now traveling the streets of Munich for the plant’s production Savings of approx. 82 tons of weiter >>
Daimler introduces its first all-electric school bus in the US
09.11.2017
An icon goes electric: Daimler introduces its first all-electric school bus in the US The North American Daimler subsidiary Thomas Built Buses introduced its first all-electric school bus for series production. Starting in 2019, weiter >>
IONITY – Pan-European High-Power Charging Network Enables E-Mobility for Long Distance Travel
03.11.2017
 BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Audi and Porsche form Joint Venture    Joint Venture to build a High-Power-Charging (HPC) Network for electric vehicles starts operation     weiter >>
Polestar unveils its first car - the Polestar 1
17.10.2017
and reveals its vision to be the new electric performance brandPolestar, Volvo Car Group's performance arm, has revealed its future as a new standalone electric performance brand. Polestar has confirmed the company's first t weiter >>
Daimler Trucks teams up with innovation leader for electric charging StoreDot Ltd
18.09.2017
Investment and Strategic Partnership: •    Daimler AG's Trucks division leads new financing round of Israeli nanotechnology materials pioneer StoreDot Ltd.•    Daimler b weiter >>
Groupe Renault -Electric vehicle charging on highways with second-life-batteries
30.08.2017
“Groupe Renault is supporting the development of charging infrastructures to simplify the daily life of electric vehicle drivers. Using our second-life batteries in fast EV charger contributes to progress by providing charging station operators with economic weiter >>
Renault-Nissan Alliance and Dongfeng Motor Group Co., Ltd. forge partnership
30.08.2017
....to co-develop electric vehicles in China    Newly formed joint venture eGT New Energy Automotive Co., Ltd. expected to support zero-emission mobility, a key priority for both Dongfeng Motor Gro weiter >>
E-Mobilität – Bereits mehr als 4.000 Förderanträge für Kauf von E-Fahrzeugen
17.08.2017
Private E-Autos mit bis zu 4.000 Euro gefördert – Meiste Förderanträge in Niederösterreich, Oberösterreich, Steiermark Insgesamt 4.003 Förderanträge sind seit dem Start der Förderaktion für E-Fahrzeuge von Verkehrsministerium und Umweltministerium eingegangen. Die meisten Anträge entfallen mit 2.993 auf rein weiter >>
Daimler starts production of FUSO eCanter in Europe
28.07.2017
 – the world’s first series all-electric light-duty truckphoto caption:Marcelo Rebelo de Sousa, President of the Portuguese Republic and Marc Llistosella, President & CEO Mitsubishi Fuso Truck and Bus Corporation at weiter >>
BMW Group announces next step in electrification strategy
26.07.2017
Flexible vehicle architecture to enable electrification of every model series.Fully electric MINI confirmed as MINI 3 door variant.Electric drivetrain Made in Germany, integrated into car in Oxford. Electrification is one o weiter >>
Elektroautos könnten 2022 wettbewerbsfähig sein
12.07.2017
Atomkraftwerk Hinkley Point nicht unbedingt eine lohnende Investition  Strom tanken: könnte sich mit Ökostrom E-Autos könnten 2022 gegenüber Benzinern we weiter >>
Second electric car for Audi’s production network
21.06.2017
Production of the Audi e-tron Sportback to start at the Brussels plant in 2019      Board of Management Member for Production Prof. Dr. Hubert Waltl: “A clear commitment to electric mobility”      The Audi e-tron Sportback concept study provides an outlook onto the second battery-electric automobile weiter >>
Green4U Technologies, Inc. and Panoz Reveal All-Electric Road-Racing Sports Car Concept
15.06.2017
Technology company creating the first all-electric race car designed for sports car and endurance racing. A street legal-version with two-passenger,  jet fighter-style seating also planned. Green4U Technologies, Inc., formed in 2016 to provide electric v weiter >>
Audi e-tron Sportback concept
18.04.2017
In production from 2019: second electric Audi      Emotional and powerful: Audi coupé design      Illuminating: e-tron light communicates with its surroundings D weiter >>
SKODA gibt Ausblick auf das Interieur der Elektrostudie VISION E
06.04.2017
› Elektrisches Konzeptfahrzeug von ŠKODA mit futuristischem Interieur› ‚Simply Clever‘: Drehbare Einzelsitze machen Ein- und Ausstieg besonders komfortabel› Langer Radstand und kurze Überhänge sorgen für komfortable Innenraummaße › ŠKODA typisch groß dimensionierter Gep&a weiter >>
The new e-Golf1 can now be ordered
21.02.2017
    Electric model has extended range of 300 kilometres (NEDC2)    Standard features now include 9.2-inch infotainment system and gesture control    Car-Net e-Remote app provides convenient access to key vehicle functions by smartphone    Heat pump assures reliable driving range and comfort e weiter >>
Das Elektroauto: Soviel Hightech steckt im neuen Opel Ampera-e
13.02.2017
•    Revolutionär: Rein elektrische Reichweite von 520 Kilometer (nach NEFZ)•    Rundum sicher: Assistenzsysteme wachen, warnen und bremsen sogar im Notfall•    Bestens vernetzt: Smartphone-Integration und neue OnStar-Services•    Maßgeschneidert: Neu entwickelt weiter >>
European electric travel made easier
07.02.2017
European fast charging networks commit to seamless European electric car travelFastned co-founders Michiel Langezaal and Bart LubbersToday, 5 European fast charging networks announce the Open Fast Charging Alliance. The alliance weiter >>

© 2001-2017 automobilsport.com full copyright automobilsport.com