IMG-LOGO

Munich

BMW, Great Wall to Put Up New Plant in China for Electric Cars

Author : Odisha Today Bureau | Posted on: 2019-11-30

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW’s electric MINI brand and Great Wall Motor models. The 650 million euro ($716 million) plant is due for completion in 2022.

 

Moreover, automakers and suppliers are scrambling to meet tough new Chinese quotas for less polluting cars. Those rules call for electric and rechargeable hybrid vehicles to account for a 5th of total sales by 2025. The new joint venture Spotlight Automotive, will be based in Zhangjiagang near Shanghai and eventually employ 3,000 staff.



 

Before this month, Great Wall gained domestic regulatory approval for the new plant. Great Wall is China’s top sport utility vehicle and pick-up truck maker. It also builds Ora, an affordable battery electric vehicle brand in Baoding, the city where it is based.

 

Additionally, BMW is following the footsteps of larger peer Volkswagen, which is readying 2 Chinese factories to build electric cars next year, and which will have a combined production capacity of 600,000 vehicles. Furthermore, Tesla is aiming for more than 500,000 cars a year by building a new factory in Shanghai.



Leave A Comment


Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...
Destruction by Cyclone "Fani"--Utkal University, O...
Odisha Today Talks to Sri Nishikanta Mohapatra, Convenor, AA...

International News

You May Also Like

News Poll

Is the corporate tax cut declared by FM Sitharaman sufficient to ward off the present slowdown in the economy?

A) Fully sufficient
B) Not helpful
C) Somewhat helpful
D) Cannot say

News Updates

SC to Appoint Retired Judge to Probe Hyderabad Enc
Odisha Labour Commissioner Urges MEA to Rescue Lab
India Set to Sign $2.6-bn Chopper Deal with US
Odisha’s Sonalee Raj Mohanty Crowned Mrs. India
ISRO’s PSLV-C48 to Launch RISAT-2BR1 & 9 For
Imran Criticizes Modi for Having Expansionism Agen
Pakistan’s Words in the Mouth of Opposition—PM
Amit Shah to Introduce Citizenship (Amendment) Bil
NC to Boycott Political Process Until Article 370
Amit Shah Hits Out at Congress on the Issue of Jai
Odisha Awarded the World Habitat Award for Jaga Mi
PM Modi Congratulates Amit Shah After Lok Sabha Pa
South Africa’s Zozibini Tunzi Wins Miss Universe
Constitution Amendment Bill Introduced in LS, Prop
US Army Veterans Join Indian Protestors Outside Pa
Finland’s Sanna Marin Becomes World’s Youngest
Naveen Govt Reduced KALIA Assistance to Rs 4,000 f
SC to Consider Hearing PIL for Probe Into Encounte
Congress Defeated, BJP Sweeps Karnataka By-polls
Arnab Goswami Elected as the New President of News

Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...
Bhubaneswar (Ekamra) Assembly Constituency BJP Candidate Bab...