Markets

MINI to build cars in China with Great Wall

MINI to build cars in China with Great Wall

Spokespeople from BMW and Great Wall declined to comment on the matter, with the latter saying that the company will issue a statement later. That strategy helped propel the company to a 26 percent sales surge a year ago. "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". "It is only possible to accelerate growth of Mini in China with a local partner".

The Mini small auto, first built to tackle soaring fuel prices in the late 1950s, has evolved over the years and the vehicles are now produced in the United Kingdom and the Netherlands.

Tesla, Ford Motor Co, Daimler AG, and General Motors are among those that have already announced plans for making electric vehicles in China. It added they entered another agreement in February this year to evaluate the feasibility of cooperation for vehicles under the Mini brand.

BMW Group sales of electrified vehicles in the first three quarters of 2017 have exceeded those achieved in the whole of 2016; in September, electrified sales topped the 10,000 mark for the first time in a single month. Shares in Brilliance fell on Wednesday.

This Is The Breathtakingly Beautiful, V8-Powered Aston Martin DB11 Volante
The overall design and styling of the convertible mimics the coupe, except for the fabric roof of course. The soft top can be lowered in 14 seconds or raised in 16 seconds at speeds up to 31 miles per hour .

Thus far neither automaker has officially commented on the reports.

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

Last month it struck a deal to secure supplies of lithium, a mineral key for developing electric vehicles. Local media speculation of a tie-up with BMW sent its shares soaring 14% Wednesday, prompting suspension in trading. The company suspended trading in the shares on October 12 and September 29 respectively.

Brilliance China Automotive's shares were down 2.76 percent.


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