Great Wall Motor, BMW China Joint Venture Gets Business License
December 30 2019 - 05:03AM
Dow Jones News
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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