/BMW Nearly Doubles Its Investment In China

BMW Nearly Doubles Its Investment In China

BMW 6 Series at BMW Nearly Doubles Its Investment In China

In response to the increasing demand for BMW cars in China, the Bavarian company announced they will increase their investment in Chinese facility to expand their operations in that corner of the world.

BMW has plans to increase the investment from 560 million euros up to around one billion euros. They will be using this money together with the Chinese ally Brilliance motors to build new press shop, a paint shop and to expand infrastructure at the new plant in Tiexi in the Shenyang region in preparation for higher production capacities in the future.

BMW Group has been producing BMW 3 Series and 5 Series models in Shenyang with its joint venture partner, Brilliance, since 2003. China has since become the BMW Group’s third-largest market worldwide with 167,116 vehicles sold during the past financial year. They reckon the growth will be continued in the coming years and are preparing for it in advance.

The BMW Group is planning further expansion of its activities in China in the future. “BMW Group vehicles are very popular in China. We anticipate that this growth will continue in the future. Therefore, together with our Joint Venture partner Brilliance we will increase the previously announced investment of 560 million euros in our Chinese facility in Shenyang to around one billion euros,” announced Chairman of the Board of Management of BMW AG, Norbert Reithofer, during the visit of the Party Secretary of the Chinese province of Liaoning, Wang Min, in Munich on Monday.

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