Great Wall Motor, BMW China Joint Venture Gets Business License

Date : 12/30/2019 @ 10:03AM
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 China Joint Venture Gets Business License

Bayerische Motoren Werke (XE:BMW)
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   By Martin Mou 
 

Great Wall Motor Co. (2333.HK) on Monday said its joint venture vehicle plant with Bayerische Motoren Werke AG (BMW.XE) has received a business license.

Spotlight Automotive Ltd. got the license from the local authorities in the eastern Chinese city of Zhangjiagang, where the plant is based, Great Wall Motor Co. said in a stock exchange filing.

It will develop and manufacture both fossil fuel and new energy vehicles, the Chinese car maker said.

Great Wall Motor and BMW said earlier their China plant will produce electric versions of models from BMW's Mini brand as well as of Great Wall Motor models.

 

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

 

(END) Dow Jones Newswires

December 30, 2019 04:48 ET (09:48 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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