Marcus De Guzman / BMW, Mini | July 11, 2018 11:28
BMW, Great Wall sign joint venture agreement to further develop electric mobility in China
BMW is putting out all the stops in expanding production in China it seems. After announcing the global production and sale of the iX3 via BMW Brilliance Automotive, the company has signed a joint venture agreement with Great Wall to produce electric Minis in China.
The 50:50 joint venture agreement will see the two automakers work together in building electric Mini models under the company 'Spotlight Automotive Limited'. It will focus on the development and production of electric vehicles in China, as well as in producing electric vehicles for both Mini and Great Wall Motors.
The joint venture agreement was signed by Wei Jianjun, Founder and Chairman of Great Wall Motors, and Klaus Frohlich, Member of the Board of Management of BMW AG for Development.
“The strengths and expertise of both companies complement each other well. Our experience as a pioneer and leader in the field of electrification, coupled with Great Wall Motor’s proven track-record in efficient industrialisation, enables us together to drive the growth of the largest e-mobility market in the world,” said Frohlich.
Meanwhile, Wei Jianjun, said that the new venture with BMW Group will promote production of new energy vehicles for the future.
“Today’s signing opens a new chapter in Sino-German cooperation. Great Wall Motor and the BMW Group share a commitment to promote new energy vehicles. With the combined strength of both partners, our new joint venture will accelerate the uptake of electric vehicles,” added Wei.
Harald Kruger, Chairman of the Board of Managment of BMW AG, stated that this strategic partnership is a win-win for both Great Wall Motor and BMW.
“Today’s signing represents a new level of cooperation between China and Germany. This strategic partnership is a clear win-win for the BMW Group and Great Wall Motor, enabling us to contribute to China’s ambitious plans to ramp-up new energy vehicles and reduce emissions in the mobility sector,” said Harald Kruger, Chairman of the Board of Management of BMW AG.
With this new partnership, a production version of the Mini Electric Concept could just be months away from being fully developed. First revealed during the 2017 Frankfurt Motor Show, the concept previews the future of electric mobility by Mini while preserving the brand's go-kart handling and signature styling. A production vehicle is slated to make its world debut some time next year.
The joint venture between BMW and Great Wall will be located in the Jiangsu province in a new state-of-the-art production facility.