North late home

News Economics

BMW was founded in 15th anniversary: capital 3 billion euro brewing joint venture shares than release the first single

2018-10-11 18:18 Beijing daily TF0328

Today, BMW brilliance founded 15th anniversary celebration held in Shenyang Tiexi factory. BMW Group officially announced the continuation of joint venture Bmw Brilliance Automobile Ltd (hereinafter referred to as BMW) joint venture agreement, and further expand investment to increase the production capacity of the production base in Shenyang.

Data for photo: Zhao Peng

BMW group and brilliance group jointly announced that the two shareholders of BMW Brilliance will extend the joint venture agreement to 2040 (2018 - 2040), to further deepen the cooperation between the two sides. At the same time, the investment of BMW Brilliance will increase 3 billion euros for existing and new production facilities construction projects: over the next few years Shenyang production base expansion, after the completion of the new plant will make existing production capacity doubled; in the East District of the expansion project is underway, the capacity remains unchanged, but the production system will be more flexible according to BMW, the future models and market demand gradually expand. Therefore, the next three to five years, BMW brilliance annual production capacity will gradually increase to 650 thousand units, 5000 new jobs.

But more interesting is that earlier, there are a number of media reports, BMW group will be 3 billion 600 million euros to acquire a stake in BMW brilliance, will increase its stake to 75%. This message has not received a formal response at the ceremony. However, the industry generally believe that this is only a matter of time. This is a prelude to the capital of BMW brilliance.

In April this year, China President Xi Jinping announced at the Boao forum for Asia on the China in 2018 will soon release the automotive industry restrictions on foreign equity ratio. In April 17th, the national development and Reform Commission announced that the automotive industry will be divided into open type implementation of the transitional period. "The 2018 cancellation of special vehicles, new energy vehicles, restrictions on foreign equity ratio; commercial vehicles in 2020 to cancel the restrictions on foreign equity ratio; passenger cars in 2022 to cancel the restrictions on foreign equity ratio at the same time, cancel the joint venture will not exceed the limits of two. Through 5 years of the transition period, the automotive industry will cancel all restrictions on equity ratio."

Today's ceremony, Premier Li Keqiang congratulatory letter, letter said: BMW Brilliance Automotive Industry and is Chinese relaxation of shares than the first beneficiaries limit, opening a new journey of Sino German automobile enterprise integration and development, mutual benefit and win-win. As the reform and opening up 40th anniversary, China opening doors open wider, will further open market access, create equally, constantly optimize the business environment. Welcome all foreign enterprises including enterprises, germany. The morning of October 10th, Premier Li Keqiang met with German BMW Group Chairman Klug. Klug's visit to China, mainly to expand investment in China, in Liaoning Shenyang Tiexi German high-end equipment Industrial Park, BMW third factory. "BMW is China government to relax foreign investment in auto industry shares than the first beneficiaries of restrictions, can be said to be" the lead. "." Li Keqiang said, "it also shows that Chinese is not only" when it comes to "promote open, more is to achieve" do it. "."

Bmw Brilliance Automobile Ltd was founded in 2003, the company's business covers the development of the localization of BMW automobile production, sales and product. In 2017, BMW brilliance Dadong and Tiexi factory production of about 400 thousand vehicles, an increase of about 30%. Data show that in 2017, there are about 560 thousand BMW vehicles delivered to customers Chinese, of which 2/3 produced by BMW brilliance Tiexi and east two factories.

In addition, BMW is gradually increasing in the layout of new energy Chinese. It is reported that the beginning of 2020, pure electric BMW iX3 will also be on cable factory assembly line, this car will be only in the China production, not only supply China market demand, will also export the global market. The BMW group is expected to Chinese new energy vehicle market will maintain strong growth. To this end, BMW group is the system of promoting the construction of production system in china. The BMW group has launched 6 new energy vehicles in Chinese, is the most abundant luxury car brand new energy products. 9 months of 2018, BMW group of new energy vehicles, an increase of nearly 5 times in the Chinese market sales year-on-year, the cumulative sales of two domestic new energy vehicles for the first time exceeded ten thousand vehicles. If BMW shareholding increased to 75%, Chinese got brilliance in the joint venture profits will be greatly reduced.

According to HKEx news today, the shares of the Brilliance China Automotive Holding s Ltd (Stock Code: 01114) on the morning of the 9 when the short-lived cease trading.


Source: Beijing Daily reporter Dong Yuhan

Editor: TF0328

To share

Different from the popular "deliberate fraud" BMW for "negligence" fined 8 million 500 thousand euros

About 200000 yuan to buy a BMW car is the water? Who Car Buying v. "melon net" claims related losses

The boy draw to the BMW family, ready to award but found the problem......

The standard BMW X3, the independent brand confidence come from?

Many BMW car "spontaneous combustion" Seoul police raided BMW Korea Companies

A 40 "BMW" car fire Korean consumers sent a letter to the leaders have called for the investigation of virtue

17 new BMW vehicle transit burned more than 622 yuan of insurance who bear the loss?

The day is too hot? Korea fire BMW car due to the defects in the exhaust gas recirculation system

2018 "BMW China cultural tour of Yushu to visit a successful ending

Because of the recent accidents in Korea BMW spontaneous recall 106 thousand cars

2018 BMW children traffic safety training camp to promote campus traffic safety education

Zhou Heiya will not regulate the operation of stores nationwide investigation of the responsibility of management

Stock index rose close to 3100 points: two super 100 shares of Moutai stock trading innovation high

Beijing securities regulatory bureau today by a science board listed counseling for membership units to seven off strict"

Just! China UnionPay responded! CCTV 315 party exposure flash pay a security risk

The temperature rise, the overall prices began to drop! Beijing xinfade spinach prices a week dropped 2%

Schools can also learn knowledge of securities and futures! SFC: investors open free education base