BMW Unveils Electric SUV as Its First Planned China Export

  • Partner Brilliance confirms project to ship iX3 model abroad
  • Automaker displays car at Beijing as U.S. trade tensions mount
"The priority is clearly electrification," BMW CEO Harald Krueger says.Source: Bloomberg

Just as China’s trade relations with the U.S. are at their worst in years, BMW AG is laying the groundwork to start exporting from its biggest market to buyers around the world including in North America.

The carmaker plans to begin producing its first all-electric sport utility vehicle, dubbed the iX3, in 2020 at its joint-venture plant in the northern city of Shenyang, and will sell the model abroad, according to partner Brilliance China Automotive Holdings Ltd. The German manufacturer is offering buyers an early taste of the car with a concept unveiled Wednesday at the Beijing auto show.