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Last updated at: (Beijing Time) Tuesday, November 26, 2002
BMW Cars to be Produced in China
The luxury German automobile brand BMW will see some of its cars made in China soon, Chinese sources said Monday in Beijing.
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The luxury German automobile brand BMW will see some of its cars made in China soon, Chinese sources said Monday in
Beijing
.
Negotiations between Chinese car-maker Brilliance Auto and BMW are going smoothly, and the formation of a joint venture is being examined by Chinese authorities, Su Qiang, president of Brilliance China Automotive Holdings Ltd., said at a press conference.
The joint venture, which will be set up in Shenyang in northeastern China, will to produce BMW's 3-series products.
By learning from foreign management and technology, China's auto companies will further improve their production ability, Su said.
Brilliance is China's first overseas listed company. After 10 years of development, it has become one major car maker in China.
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