Hyperdrive
BMW China Joint-Venture to Start Production in 2023, Goller Says
- Great Wall venture will start producing first electric Minis
- Auto market to ‘continuously boom’, BMW China chief says
The 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19.
Photographer: Hector Retamal/AFP/Getty Images
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BMW AG’s China joint-venture with Great Wall Motor Co. is set to start production in 2023, as the German carmaker aims to have electric vehicles make up one-quarter of its sales in the country.
The construction of a manufacturing plant with Great Wall is “well under way” and the main structure should be completed later this year, BMW’s China Chief Executive Officer Jochen Goller said in an interview at the Shanghai Auto Show on Monday. Production of two Mini EVs for the China and global markets will start in 2023, he said.