Is BMW a joint venture with the Great Wall?

On July 10, China Great Wall Motor Co., Ltd. and BMW (Netherlands) Holding Company formally signed a joint venture contract in Germany. The new joint venture company is called "Liang Electric Co., Ltd." with a registered capital of 654.38+07 billion yuan and a registered address of Zhangjiagang City, Jiangsu Province, with a total investment of 565.438+00 billion yuan, with each party holding 50% of the shares.

The board of directors of the company consists of six members, with the chairman appointed by Great Wall Motor and the vice chairman appointed by BMW. The term of office of directors is four years. The joint venture company has planned an automobile factory with a standard annual production capacity of 6.5438+0.6 million vehicles.

20 17 jianghuai Volkswagen, zotye Ford, Dongfeng, Nissan Renault alliance and other car companies have set up new energy joint ventures. Shortly after the 20 18 subsidy policy for new energy vehicles landed, some car companies made new moves in joint venture of new energy vehicles.

Last May, 5438+ 10, there was a rumor about the cooperation between Great Wall and BMW. The person in charge of investment promotion of Changshu Economic Development Zone Management Committee once said: "The Great Wall and BMW are selecting sites nationwide, and there should be preliminary results by the end of 20 17. This cooperation between the two sides began four or five months ago. "

At present, Great Wall Motor owns many brands such as Great Wall, Haval and WEY, and its product system covers SUV, pickup truck, car and other models. On July 9, Great Wall Motor announced its production and sales report for June. The data shows that the total sales volume of Great Wall Motor in June was 62 186 vehicles, and the cumulative sales volume in the first half of the year was 47 15 15 vehicles, up 2.34% year-on-year. In June, the sales volume of WEY brand was 1048 1 vehicle, up by 23 1% year-on-year. Among them, VV7 sold 4,790 vehicles, with a cumulative sales volume of 37,587 vehicles in the first half of the year, VV5 sold 5 1, 2 1 vehicle in the first half of the year, with a cumulative sales volume of 38,987 vehicles in the first half of the year and a sales volume of 570 plug-in hybrid SUVP8.

This cooperation with BMW is not the first attempt of Great Wall Motor in the field of new energy. In May this year, Great Wall Motor established the new energy brand "Euler". At this year's Beijing Auto Show, Great Wall Motor launched three models of the brand, namely the pure electric crossover IQ and the mini pure electric concept car R 1/R2. Euler's IQ model will be launched in the third quarter of this year.

This signing is a new development after the signing of the letter of intent for cooperation on February 23 this year. Earlier, it was reported that BMW increased its capital and expanded its production of new energy vehicles in China, but BMW Group said that this cooperation is BMW's first pure electric vehicle joint venture project in the world.

BMW owns four brands: BMW, MINI, Rolls-Royce and BMW Motorrad, and launched the first battery electric vehicle in 20 13. Kruger, chairman of BMW Group, said: "The agreement signed today marks that Sino-German enterprise cooperation has reached a new level." This strategic partnership is a win-win choice for BMW Group and Great Wall Motor, which will enable us to contribute to China's plan to develop new energy vehicles and reduce traffic emissions. "

Nowadays, new energy has become the inevitable path for China to become an "automobile power", and its development achievements in recent years have also attracted more and more foreign automobile enterprises to invest in the new energy automobile market in China. The cooperation between BMW and Great Wall Motor is a key step for BMW to realize electrification in China. For Great Wall Motor, the cooperation with BMW in the field of new energy can reduce its fuel consumption pressure and accelerate its international strategic layout.

Source: Network!

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