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Great Wall Motor in Talks With BMW Over Mini Brand in China

13 October 2017, 05:30 | Melvin Schneider

Great Wall BMW Said Working on Mini Car Deal

Great Wall BMW Said Working on Mini Car Deal

The company's shares will resume trading in Hong Kong on October 16, according to the statement.

"The discussion and evaluation relating to the feasibility of cooperation between the company and BMW for vehicles of MINI brand is still at preliminary stage, and there are material uncertainties as to whether both parties will officially commence cooperation", the company said in an exchange filing.

While BMW already builds cars locally in a venture with Brilliance China Automotive Holdings Ltd, Great Wall doesn't have any carmaking partners in China. The prospective deal focuses specifically on electric vehicles, according to sources familiar with the matter.

BMW's China sales grew 11.3 percent previous year.

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It appears that MINI production is about to venture into China for the first time, if a report by Bloomberg is to be believed.

BMW is now considering another joint venture in China so that it can increase its production volumes and strengthen its electric vehicle presence in the market.

If successfully concluded, the BMW-Great Wall talks could yield a first foreign manufacturing partner for Great Wall and a first Mini assembly site outside Europe for the German group.

The German auto maker said that it was in the midst of strategic development and expansion of its Mini brand, including diversification of partnerships and new cooperation models. BMW is trying to stay ahead of third-place Daimler's Mercedes-Benz, which recorded 26.6 percent growth in China sales in 2016 thanks to a fresher model lineup. Its Shanghai-listed shares were suspended from trading, pending an announcement.



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