Tuesday 19 June 2018 ,
Latest News
  • 'Sex trafficking of Rohingya children in Bangladesh'
  • EC takes massive preparation for GCC polls
  • Bangladesh registers 2nd largest number of refugees in 2017: UNHCR
  • Record 68.5 million people displaced worldwide: UN
  • Thousands marooned in Sylhet flood
  • BNP to stage demo across country Thursday
  • All eyes on Salah as hopeful Egypt take on Russia
25 February, 2018 00:00 00 AM

Print

BMW plans electric Mini production in China

AFP

AFP, FRANKFURT AM MAIN: German auto giant BMW said Friday it plans to build an electric version of its compact Mini in China, in a possible joint venture with local partner Great Wall.

The Munich-based group is in "advanced discussions" aimed at "a new joint venture in China", it said in a statement, adding that the two firms had signed a so-called letter of intent about the project.

If plans to build the Mini in China go ahead, it would be the first time the unmistakeable cars -- originally created by a British company -- have been built outside Europe.

But BMW and Great Wall have yet to agree on important details like where to build a factory and how much to invest.

China is the fourth-largest market for the Mini after Britain, the United States and Germany.

Some 35,000 were sold there in 2017, or around one in ten sales worldwide.

BMW follows a maxim that "production follows the market", making China ripe for investment in local manufacturing.

Reaching 560,000 units in 2017, Chinese sales of BMW-brand cars -- produced locally under a joint venture with carmaker Brilliance -- outweighed shipments in other major markets the United States and Germany combined.

 

.

Comments

Poll
Today's Question »
Do you agree with UNHCR observation that Myanmar has failed to meet least standards of credibility despite pledges of probing allegations of Rohingya persecution?
 Yes
 No
 No Comment
Yes 100.0%
No 0.0%
No Comment 0.0%
Most Viewed
E-Paper

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting