BMW and Mini have already topped global 2016 hybrid and electric sales

Dianna Christensen
October 14, 2017

Great Wall is one of few Chinese carmakers without an global carmaking partner.

Reuters earlier this week reported the two automakers were looking to establish a joint venture in China.

According to Automotive News, quoting anonymous sources inside both companies, the BMW Group is negotiating with Great Wall with the aim of bringing MINI production to China. That strategy helped propel the company to a 26 percent sales surge past year.

"It is only possible to accelerate growth of Mini in China with a local partner", BMW said.

Tesla, Ford Motor Co, Daimler AG, and General Motors are among those that have already announced plans for making electric vehicles in China. "But producing electric cars will help BMW to meet its quota now that China demands every carmaker in the country. produce a certain number of such cars starting from 2019".

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Brilliance China Automotive Holdings, which makes cars in a venture with BMW, rebounded 4.9% at 10.01am in Hong Kong after falling 2.1% on Wednesday.

"China has made it clear that basically it will not approve of new gasoline-car partnerships".

Great Wall, which in August expressed an interest in the Jeep brand of Italian-American automaker Fiat Chrysler Automobiles NV's, is one of China's largest auto makers.

Trading would be suspended pending clarification of press articles, the company said.

"The BMW Group has the largest share of the electrified market worldwide; this year, we've already sold more electrified vehicles than in the whole of last year and we are well on track to deliver our target of 100,000 by year-end", said Ian Robertson, head of sales and marketing for BMW AG.

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