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BMW may partner with Great Wall to expand Chinese production

13 Октября 2017

Great Wall is one of few Chinese carmakers without an global carmaking partner.

Great Wall, which in August expressed an interest in the Jeep brand of Italian-American automaker Fiat Chrysler Automobiles NV's, is one of China's largest vehicle makers.

BMW AG is working on a deal to outsource the manufacturing of Mini cars in China to Great Wall Motor Co, the country's biggest SUV maker, according to people with knowledge of the plan. Sergio Marchionne, CEO of FCA said his company won't consider selling Jeep as a separate entity and rejected the idea of making a deal with Chinese rival Great Wall Motor Co, reports Bloomberg.

A BMW executive familiar with the matter told Reuters the report was "generally true".

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If the JV project moves ahead, it will be BMW's second partnership operation in China. "But producing electric cars will help BMW to meet its quota now that China demands every carmaker in the country. produce a certain number of such cars starting from 2019".

The talks of an alliance between BMW and Great Wall come at a time when Chinese government is aggressively pushing automakers to switch to alternative fuel vehicles.

"Our business development with the joint venture BMW Brilliance Automotive will continue as planned, and we will carry on to invest and develop our joint venture." a spokesman for BMW said, declining to comment on any new joint venture.

While BMW already builds cars locally in a venture with Brilliance China Automotive Holdings Ltd, Great Wall doesn't have any carmaking partners in China.

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BMW may partner with Great Wall to expand Chinese production