Bayerische Motoren Werke (BMW) is a German automobile, motorcycle and engine manufacturing company founded in 1917 and based in Munich in Bavaria, Germany. BMW also owns and produces the Mini marque, and is the parent company of Rolls-Royce Motor Cars. BMW produces motorcycles under BMW Motorrad and Husqvarna brands.
The carmaker’s two ventures in China are offering discounts of up to 20 per cent, or 40,000 yuan (US$5,816), on battery-powered SUVs in the hope of luring more budget-conscious drivers.
Traders have been abandoning Chinese auto stocks as a price war started by Tesla and BYD spread across the whole industry, a sign of weak consumer sentiment amid pessimism about the pace of economic recovery.
BMW plans to introduce another six pure electric vehicles in China in 2023, as it pushes for a leading position in the country’s premium EV segment.
Tesla is recalling more than 80,000 cars in China because of software and seat belt problems, adding to a string of recalls that have beset the carmaker recently.
Premium electric-carmakers in China are bearing the brunt of a slowdown, with some players cutting prices to survive cutthroat competition.
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BMW has confirmed that it will invest an additional 10 billion yuan (US$1.4 billion) towards increasing capacity at a battery plant in China’s northern Liaoning province.
German Chancellor Olaf Scholz will lead a business delegation to China this week against a backdrop of worsening relations between Beijing and Berlin and growing calls to reduce reliance on the world’s No 2 economy.
Beijing-based BeyonCa expects to challenge the likes of BMW, Mercedes-Benz and Audi in China’s growing luxury car market segment.
Spotlight Automotive, BMW’s 50-50 venture with Great Wall Motor, will initially manufacture two electric Mini models in China.
The Beijing-based carmaker has started taking orders for the six-seater SUV, which is priced from 359,800 yuan (US$50,730) to 399,800 yuan. The first batch of cars will be delivered in November.
Five new electric vehicles, including models from Li Auto and Seres’ and Huawei’s Aito, aim to siphon off demand for foreign luxury brands.
Despite rising geopolitical tensions, investment from the European Union into China was up 15 per cent in the first half of 2022 compared to a year ago, according to data from Rhodium Group.
Plan offered by seven dealers of 17 car brands, such as BMW and Toyota, is likely to be approved by Competition Commission.
Stellantis, formerly Fiat Chrysler, is ending production of Jeeps in China and ending a 12-year joint venture with GAC Group after failing to make inroads in the world’s biggest car market.
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Brooklyn Beckham, who just married billionaire heiress Nicola Peltz, has inherited his father’s passion for cars – and the new couple even got a US$500,000 Jaguar as a wedding gift
BMW will launch at least three new electric car models in Hong Kong this year, as it aims for battery-powered vehicles to account for 50 per cent of its sales in the city by 2024.
A test conducted by a state-owned car research facility finds that models from Tesla, BMW, NIO, BYD and others underperform in assisted driving.
China, which surpassed the United States in 2009 as the largest vehicle market on the planet, is the key battleground where global carmakers thrive or die, especially in the epic battle between electric cars and automobiles powered by internal combustion engines (ICEs).
The 24-year-old eyes historic Le Mans outing as a means to ‘redefine’ stereotypes that Asian women are ‘docile, dainty and submissive’ after winning six championship titles in the 24H Series GT4 class.
British scientist Zi-qiang Zhu says Chinese companies are producing less valuable innovations on permanent magnet motors, an important component of electric cars, despite Beijing’s push to become a technological leader.
The White House is pressing carmakers and chip firms to be more aggressive in solving a semiconductor shortage that has upended the auto industry, as firms worry about protecting corporate secrets.
Court petitions reveal BMW’s battle against buyers whose cars are immediately sent to Vancouver for export, their leases and loans unpaid. In an interview, one Chinese buyer admits that work permit and job listed on sports car contract were fake.
China controls about 90 per cent of the world’s supply of rare earths, but trade frictions are driving Western governments and car makers to find alternative suppliers.