BMW Group expands its activities in China
The BMW Group is planning further expansion of its activities in Cathay in the time to come. "BMW Grouping vehicles are very pop in People's republic of china. We conceptualize that this growth volition continue in the future. Therefore, together with our Joint Venture partner Brilliance nosotros volition increment the previously appear investment of 560 million euros in our Chinese facility in Shenyang to around one billion euros," announced Chairman of the Board of Direction of BMW AG, Norbert Reithofer, during the visit of the Party Secretary of the Chinese province of Liaoning, Wang Min, in Munich on Mon.
The additional investment, which will be shared between the 2 partners, volition exist used to build a press shop, a paint shop and to expand infrastructure at the new constitute in Tiexi in the Shenyang region in preparation for higher product capacities in the time to come.
The BMW Group appear that it would build a second production found in Prc in November 2009. The BMW X1 is slated to be produced at the new plant in the futurity. Production is scheduled to offset in 2012. This will add together more 4,000 new jobs over the coming years, in improver to the roughly 5,000 jobs so far created in Shenyang. The planned product capacity will increase to more than 100,000 vehicles per year at the existing Da Dong facility and, over the medium term, to 200,000 at the new plant in Tiexi. Over the long term, the two plants will have the combined potential for more than 300,000 vehicles per year – depending on market place trends.
The BMW Group has been producing BMW iii Series and 5 Series models in Shenyang with its joint venture partner, Brilliance, since 2003. China has since go the BMW Group'due south third-largest market worldwide. The company sold 167,116 vehicles in Red china during the past financial year – an increment of 84%.
In the offset four months of 2011, deliveries in China rose past 70.1% to 79,306 automobiles.
[Source: BMW]
Source: https://www.bmwblog.com/2011/05/10/bmw-group-expands-its-activities-in-china/
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