BMW Group and Great Wall Motor to build electric vehicles in China
Topics: BMW GROUPL GREAT WALL MOTOR ELECTRIC VEHICLE CHINA
High-level representatives of the local Chinese government, Great Wall Motor and the BMW Group announced the launch of the new joint venture, Spotlight Automotive Limited.
The plant will have a standard capacity of up to 160,000 vehicles per year, which will require around 3,000 employees after the ramp-up phase.
Both partners will together invest around 650 million Euro (more than five billion CNY).
The construction phase is planned for 2020 to 2022.
The event took place in the city of Zhangjiagang in China’s Jiangsu Province, the location of the new automotive plant.
Today’s official inauguration marks the next milestone in the relationship between Great Wall Motor and the BMW Group.
In summer 2018, the 50:50 joint venture agreement was signed in Berlin in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel.
As well as production, the innovative joint venture model also includes joint development of battery-electric vehicles in the world’s largest market for electromobility.
The joint venture envisages production of future electric MINI vehicles, as well as several models and brands for Great Wall Motor.
Following the launch of the brand-new first-generation fully-electric MINI*, which will be built at Oxford and come to market in the first quarter of 2020, this is another important step towards the MINI brand’s electrified future.
MINI Plant Oxford, which recently built the 10 millionth car since the brand’s launch in 1959, will remain the heart and home of MINI manufacturing, while the Spotlight Automotive joint venture will provide additional capacity and flexibility. ■