Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > Welcome to Bimmerfest > BMW News Articles and Announcements

BMW News Articles and Announcements
Read the latest BMW headlines and discuss them with your fellow bimmer enthusiasts!

Reply
 
Thread Tools Display Modes
Old 01-10-2011, 02:58 PM   #1
China’s Vice-Premier Li Keqiang visits BMW Group in Munich
 
tim330i's Avatar
tim330i
Administrator
Join Date: Dec 2001
Location: Boston
Posts: 5,774

Show Printable Version Email this Page

Advertisement
posted by tim330i

The BMW Group underlined the company’s long-term commitment to China during the visit of the Vice-Premier of the State Council of the People’s Republic of China, Li Keqiang. “Close and long-standing ties exist between China and the BMW Group,” said Chairman of the Board of Management of BMW AG, Norbert Reithofer, at the BMW Welt in Munich on Saturday. Li Keqiang visited the BMW Group with a delegation to learn more about topics such as future mobility. During the visit he received information concerning, for example, the MINI E, the BMW Active E as well as the technology of future BMW Group electric vehicles. The BMW Group will work together closely with the Chinese government on future mobility.

The company is also supporting the market launch of electric vehicles in China through a number of projects. Series production of an electric vehicle developed jointly with its local joint venture partner is scheduled to begin in 2013. “The BMW Group and its partner, Brilliance, are making a joint contribution to sustainable mobility in China,” Reithofer said.

For instance, an electric-powered BMW 5 Series Long Version was developed as part of the first Sino-German electro-mobility research project in collaboration with Tongji University in Shanghai. In addition, the worldwide MINI E fleet trial will also be extended to the Chinese cities of Beijing and Shenzhen from 2011 onwards. The MINI E will be tested in everyday driving through a consortium made up of the energy partners, State Grid Corporation and Southern Grid, and the China Automotive Technology and Research Corporation (CATARC). The same applies to the BMW Active E, a fully-electric powered vehicle based on the BMW 1 Series, which will be on the roads in China later this year.



The BMW Group has been building BMW 3 Series and 5 Series models at its Chinese facility in Shenyang with its joint venture partner, Brilliance, since 2003. The company announced the construction of a second production plant in China in November 2009. The BMW X1 will also be built at the new plant in the future. The investment volume for the new plant in Tiexi, in the Shenyang region, amounts to a total of 560 million euros, shared equally between the BMW Group and its partner, Brilliance. Production is scheduled to begin in 2012 and will create more than 4,000 new jobs in Shenyang over the coming years.

This will increase the BMW Group’s annual production capacity in China significantly to more than 150,000 vehicles from 2012 on. Over the long term, the two plants will have the combined potential for 300,000 vehicles a year, depending on market developments.

China is now the company’s third-largest market. As per November 2010 more than 152,000 vehicles were sold in China – an increase of 90%. This meant that the company easily exceeded its original sales target for China of approximately 120,000 vehicles. The BMW Group is also confident about its business performance in China for the current year: “We expect to see a double-digit percentage increase in sales growth in China in 2011, in line with market forecasts,” Reithofer explained.

Impetus will come from vehicles like the new BMW X3, the new BMW 6 Series and the MINI Countryman, all of which will launch in China this year. In light of the strong market growth in China, the BMW Group will further expand its dealer network in 2011.
This article has been viewed 3191 times.
Reply With Quote
  #2  
Old 01-11-2011, 06:10 PM
BayAreaBimmer's Avatar
BayAreaBimmer BayAreaBimmer is offline
Supporting 'Fest Member
Location: California
 
Join Date: Dec 2010
Posts: 1,772
Mein Auto: 1994 530i Manual
This electric bmw project should be very interesting to follow
__________________
Justin'94 530i 5-Speed
"I hit the gasser, go faster, all you hear is dual-exhaust flow master."
-------------------------------------------------------------------------
All California BMW owners click here for a meet and greet!

Reply With Quote
Reply

Bookmarks

Forum Navigation
Go Back   Bimmerfest - BMW Forums > Welcome to Bimmerfest > BMW News Articles and Announcements
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On



Forum Jump


All times are GMT -7. The time now is 03:54 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms