BMW Group is in advanced negotiations with Great Wall Motor to create a new joint venture in China for the local production of MINI electric vehicles for this market, following the model agreement that BMW maintains with Brilliance. The BMW Group has signed a 'letter of intent' with the Chinese manufacturer for the local production of MINI electric cars in the largest market in the world.
The Mini Electric concept car was launched last year, and first car prototypes have since been spotted testing. The production model is announced for 2019.
In 2017, around 560,000 BMW cars were delivered in China. The China market absorbed around 35,000 MINI units. The expansion of the BMW brand in China has not led to a decrease in production at its German plants. Between 2007 and 2017, production in Germany increased by almost 25%, which means 1.15 million cars each year.
The Honda Urban EV Concept anticipates what will be the first electric vehicle marketed by Honda in Europe. As announced at the press conference held at the Geneva Motor Show, the first orders of the production version can be made at… Continue reading
Tesla has secured funding for the first phase of its China plant in Shanghai. Tesla, Inc. electric car manufacturer has signed loan agreements with Chinese banks for up to 3.5 billion yuan (465 million euros or $521 million).… Continue reading
Vattenfall and the city of Amsterdam are now jointly operating under the name Flexpower. "Flexpower" is said to be the largest smart charging network for electric vehicles in Amsterdam. Flexpower enables faster charging, the maximum use of electricity from… Continue reading
The MINI Electric is now close to debut. BMW is relying heavily on this model that electrifies one of its most iconic brands. The official presentation will be held on July 9th, but reservations have already been opened in… Continue reading