By Martin Mou 
 

Great Wall Motor Co. (2333.HK) said its joint-venture vehicle plant with Bayerische Motoren Werke AG (BMW.XE) has received regulatory approval from Chinese authorities.

Now that it has obtained the certificate of approval for foreign investment enterprises, the company will work on completing the business registration for the joint venture, Great Wall Motor said on Sunday.

The joint venture plant, based in the eastern Chinese city of Zhangjiagang, will produce electric versions of models from BMW's Mini brand as well as of Great Wall Motor models, the two companies said earlier.

 

Write to Martin Mou at martin.mou@wsj.com

 

(END) Dow Jones Newswires

December 15, 2019 19:12 ET (00:12 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Bayerische Motoren Werke (XE:BMW)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more Bayerische Motoren Werke Charts.
Bayerische Motoren Werke (XE:BMW)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more Bayerische Motoren Werke Charts.