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

BMW is looking to expand its presence in China to build EVs potentially with Great Wall Motors

"We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu", said a BMW executive, who was not authorised to speak on the matter.

BMW has not yet confirmed if the plant will churn out BMW-only products or if the agreement involves adding a second production facility for the upcoming electric Mini, which is now only slated for production at the brand's Oxford plant in the UK.

BMW, in a separate statement, said it aimed to expand business in China and could imagine partnership and cooperation for the Mini brand.

BMW AG (BMW.XE) plans to diversify partnerships to grow its Mini brand in China, the company said following reports that it was in talks with Chinese vehicle maker Great Wall Motor Co. BMW said it planned to grow the Mini brand in China with a new local partner, without naming Great Wall. Ltd. said Friday that it is in talks for a joint venture to make BMW's Mini auto models in China, ending days of speculation that had sparked a rally for the Chinese company's shares. It is the country's second-largest premium brand after Volkswagen AG's Audi AG. "Leveraging the growth of Mini in China is only possible with a local partner", the company said. The German carmaker now has a joint venture with Brilliance China Automotive Holding, with the contract to expire by 2028. Sergio Marchionne, CEO of FCA said his company won't consider selling Jeep as a separate entity and rejected the idea of making a deal with Chinese rival Great Wall Motor Co, reports Bloomberg. Its Shanghai-listed shares were suspended from trading, pending an announcement.

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