Great Wall Motor, BMW JV Plant Gets Chinese Regulatory Approval

Date : 12/16/2019 @ 12:27AM
Source : Dow Jones News
Stock : Bayerische Motoren Werke AG (BMW)
Quote : 50.82  1.66 (3.38%) @ 4:35PM
Bayerische Motoren Werke share price Chart

Great Wall Motor, BMW JV Plant Gets Chinese Regulatory Approval

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   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.
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