BMW Group And Great Wall Motor Inaugurate EV Joint Venture12/02/2019
Up to 160,000 electric cars (MINI and Great Wall brands) annually will be produced in China.
BMW Group and Great Wall Motor officially inaugurated its new 50/50 joint venture “Spotlight Automotive Limited”, which has been in the works since summer 2018.
Through a joint investment of €650 million ($716 million), the new company will build in 2020-2022 a new manufacturing plant in Zhangjiagang, Jiangsu Province, with production capacity of 160,000 cars.
“The plant will have a standard capacity of up to 160,000 vehicles per year, which will require around 3,000 employees after the ramp-up phase. Both partners will together invest around 650 million Euro (more than five billion CNY). The construction phase is planned for 2020 to 2022.”
The plan for Spotlight Automotive Limited is production of fully electric cars for MINI brand and Great Wall Motor’s brands.
“As well as production, the innovative joint venture model also includes joint development of battery-electric vehicles in the world’s largest market for electromobility. The joint venture envisages production of future electric MINI vehicles, as well as several models and brands for Great Wall Motor. Following the launch of the brand-new first-generation fully-electric MINI*, which will be built at Oxford and come to market in the first quarter of 2020, this is another important step towards the MINI brand’s electrified future.”
MINI’s first all-electric model, the MINI Cooper SE (aka MINI Electric), recently entered production in Oxford, UK. BEV production in China will follow probably 2 years from now.
Besides the partnership with Great Wall, BMW is expanding also its BMW Brilliance Automotive (BBA) joint venture into PHEV and BEV segments.
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