Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more 禄Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
City-born architect lists inspiration behind his designs in a new book
Digitization helps preserve, disseminate intangible cultural heritage
Sunday
- Subscribe
BMW eyes 鈥榖rilliant鈥 growth in local market
Print Edition
BMW Group has already invested billions and will continue to invest in China, the German car company鈥檚 Chief Financial Officer Nicolas Peter says.
The Munich-based car maker announced this month it would extend the contract term of the joint venture BMW Brilliance Automotive in Shenyang, the capital of Liaoning Province, and increase investment in its production capacity expansion.
Meanwhile, the BMW Group will invest more than 3 billion euros (US$3.4 billion) in new and existing plants in Shenyang over the coming years.
In the following three to five years, the total annual production capacity of BMW automobiles at the BBA plants will increase to 650,000 units, creating 5,000 new jobs.
鈥淲e are a global company and for many years now, we have successfully followed the strategy of 鈥榩roduction following the market,鈥欌 Peter said in a recent interview.
鈥淎part from the European Union as a whole, China and the US are our two biggest single markets worldwide and our plants in Shenyang and Spartanburg are cornerstones of our global production network.
鈥淲e have invested billions into both locations in recent years and will continue to invest in them in the future.鈥
He also noted it was not efficient for a global company to solely build all models 鈥渓ocal for local,鈥 but to have a complementary network supplying several markets and regions with certain models.
BMW highly appreciates China鈥檚 central and local governments鈥 resolution to set a new equity structure, he said.
A press release posted on BMW Group鈥檚 website says the company intends to increase its stake in BBA from 50 percent to 75 percent.
The move is subject to regulatory approval.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
