please contact sales@tanchin.hk for any inquiry
BMW. DE, the German luxury car maker, will become the first foreign car maker to complete the move by acquiring multi-control rights from its main Chinese joint venture, BMW Brilliance Automotive. The Beijing authorities are ready to deregulation of the ownership of foreign joint ventures by foreign car companies.
BMW said in a statement that it would pay 3.6 billion euros ($4.2 billion) to increase its stake in Morning BMW from 50% to 75%. The deal will be completed in 2022, when China will lift the cap on foreign ownership.
At a time when import costs are rising as a result of the Sino-US trade war, the move should boost profits for automakers in the Chinese market and push them to shift more vehicle manufacturing to China.
BMW said that the duration of the joint venture will be extended from 2028 to 2040.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

HCB71905-C-T-P4S HCB71904-C-T-P4S HCB71903-C-T-P4S HCB71902-C-T-P4S HCB71901-C-T-P4S HCB71900-C-T-P4S HCB7040-E-T-P4S HCB7038-E-T-P4S HCB7036-E-T-P4S HCB7034-E-T-P4S HCB7032-E-T-P4S HCB7030-E-T-P4S HCB7028-E-T-P4S HCB7026-E-T-P4S HCB7024-E-T-P4S HCB7022-E-T-P4S HCB7021-E-T-P4S HCB7020-E-T-P4S HCB7019-E-T-P4S HCB7018-E-T-P4S