Showing posts with label joint venture. Show all posts
Showing posts with label joint venture. Show all posts

Monday, July 16, 2018

BMW Group and Great Wall Motor Enters into a JV Agreement to Produce MINI Electric Cars in China

Recently, the BMW Group and the Chinese manufacturer Great Wall Motor (GWM) entered into a Joint Venture agreement to produce MINI electric vehicles in China. This new 50:50 joint venture arrangement will see a new JV company called "Spotlight Automotive Limited" if all approvals are given by the Chinese authorities. It will see the development and production of electric vehicles in China and the new state-of-the-art plant for this JV will be located in the Jiangsu Province of China (concept photo below).