BMW Set To Form Joint Venture With China’s Great Wall

BMW is preparing to form a joint venture with Chinese automaker Great Wall in an effort to build vehicles in the country.

Speaking with Reuters, an unnamed BMW executive confirmed discussions are being had about the joint venture.

“We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu,” the executive said.

In addition to this, another source close to the talks says the joint venture won’t be focused on petrol and diesel vehicles, suggesting that it will instead focus on the production of EVs in the Chinese city.

Analysts from Bernstein believe the joint venture could see BMW and Great Wall selling EVs throughout China under a new brand.

“If an agreement were to be reached, we’d expect an arrangement like Denza (Mercedes-BYD), or VW-JAC, Ford-Zotye to be the most plausible outcome, whereby a new brand is used to sell EVs,” the analysts said.

It remains to be seen if BMW’s ongoing joint venture with Chinese carmaker Brilliance China Automotive Holdings would be impacted by its collaboration with Great Wall.

On the back of the news, shares in Great Wall jumped by 20 per cent.

PHOTO GALLERY

  • Bash

    Okay,,,,, so that is how they are getting away with their copy business every single time.. I guess..
    Besides that will Leave out Audi-cherry then.

This Shed Is Probably Faster Than Your Car – Wait, What?

The small building on wheels started life as a Volkswagen Passat and is powered by an Audi RS4 V8 engine.

Land Rover Defender Flying Huntsman 6×6 Goes For Almost $300K!

Apart from the extra axle, this Defender features a pickup truck conversion and a ‘Vette-sourced, 430 HP V8.

This Is How The 2020 Mercedes-Benz S-Class May Look Like

The revamped S-Class will feature taillights similar to the current CLS, but the rest of its design is, right now, just speculation.

Black Honda S2000 Club Racer Is Very Rare, Desirable, And Relatively Affordable

The CR uses the same 237 HP naturally aspirated four as the regular S2K, but sports some chassis and bodywork mods.

Is Porsche Understating The New 911 Carrera S’ Power Figures?

Officially, the twin-turbo flat-six churns out a very respectable 443 HP, but in reality, that number could be closer to 480 HP.

Pay $20 For A Chance To Win A 2020 Toyota Supra And Support A Good Cause

Money raised from this Supra Launch Edition raffle will benefit a children’s hospital.

2020 Porsche 718 Cayman GT4 Meets 991 GT2 RS, 997 GT3 RS For A Tire-Slaying Fest

How does the new 718 Cayman GT4 compare to two of the finest 911s Porsche’s GT division has ever created?.

2019 Mercedes-Benz CLA: Mini CLS Or Sleeker Alternative To The A-Class?

The new CLA is a good daily driver and a quality item, so if you don’t mind the cramped back seat, go for it.

It’ll Cost You $26k To Make Your Vantage Look Like This, Get An Extra 90 Horses

While the price does seem steep, bear in mind that this is a $150k Aston, and the list consists of quite a few upgrades.

Suzuki Jimny Shows Its Off-Roading Prowess Against A Triumph Scrambler

With a mere 101 HP, power is not the Jimny’s strong suit. It’s off-road capabilities, though, are, but do they suffice against the Triumph?.