The BMW Group and Chinese
manufacturer Great Wall Motor have 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 electro-mobility,
is a key element of MINI’s continued strategic development within the BMW
Group’s Strategy NUMBER ONE > NEXT. The latest move follows the “letter of
intent” signed with Great Wall Motor on February 23, 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.
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