 | |
| Type | Private joint venture |
|---|---|
| Founded | 2003 |
| Headquarters | Shenyang, Liaoning, China |
| Area served | China |
| Key people |
Olaf Kastner (Chief Executive Officer and President) Lei Xiaoyang (Chief Financial Officer and Senior Deputy President)[1] |
| Industry | Automotive |
| Products | Automobiles |
| Owner(s) |
Bayerische Motoren Werke AG (50%) Brilliance China Automotive Holdings Limited (40.5%) Shenyang municipal government (9.5%) |
| Employees | approx. 3,900 |
| Website | www.bmw-brilliance.cn |
BMW Brilliance (officially BMW Brilliance Automotive Ltd.) is an automobile manufacturing company headquartered in Shenyang, China and a joint venture between BMW and Brilliance Auto. Its principal activity is the production, distribution and sale of BMW passenger cars in mainland China.
History[]
On 27 March 2003 BMW and Brilliance Auto agreed to form a joint venture to produce BMW cars for the Chinese market, with BMW holding a 50 per cent stake, Brilliance Auto 40.5 per cent and the Shenyang municipal government 9.5 per cent.[2][3] BMW and Brilliance agreed to invest an initial €450 million (US$483 million) in the venture.[3] The first Chinese-made BMW, a BMW 325, was sold in October 2003.[4]
In April 2009 BMW Brilliance announced that it would construct a second automobile assembly plant in China.[5] Construction of the plant began in Shenyang in June 2010, with a planned cost of US$73.53 million and a production capacity of 100,000 units.[6] Production at the plant began in May 2012.[7]
In January 2011 BMW Brilliance announced that it would begin Chinese production of a BMW 5 series electric hybrid car later that year.[8]
Products[]
BMW Brilliance currently produces the following vehicles:[9]
- BMW 3 Series (F30) (2.0 litre and 3.0 litre)
- BMW 5 Series (F10) (2.0 litre and 3.0 litre)
- BMW X1 (2.0 litre)
Sales[]
| Calendar year | Total sales (vehicles produced in China) |
|---|---|
| 2005 | |
| 2006 | 22,500[10] |
| 2007 | 30,600[10] |
| 2008 | |
| 2009 | 44,888[11] |
| 2010 | |
| 2011 | 108,189[12] |
| 2012 |
References[]
- ↑ "Company Overview of BMW Brilliance Automotive Ltd.". Bloomberg Businessweek. Retrieved on 7 October 2012.
- ↑ "BMW to manufacture cars in China", The Economic Times (28 March 2003). Retrieved on 7 October 2012.
- ↑ 3.0 3.1 "BMW signs China deal", BBC News (27 March 2003). Retrieved on 7 October 2012.
- ↑ "First locally-built BMWs on sale this weekend - report", Just Auto (16 October 2003). Retrieved on 7 October 2012.
- ↑ "BMW, Brilliance Auto to build second China plant", Reuters (20 April 2009). Retrieved on 7 October 2012.
- ↑ "BMW-Brilliance starts building second plant", Gasgoo (3 June 2010). Retrieved on 7 October 2012.
- ↑ "2012 milestones, next year's mission for BMW Brilliance", China Daily (31 December 2012). Retrieved on 24 February 2013.
- ↑ "BMW Brilliance to begin production of 5 series electric hybrid", Gasgoo (24 January 2011). Retrieved on 7 October 2012.
- ↑ "Foreign Brands". China Auto Web. Retrieved on 24 February 2013.
- ↑ 10.0 10.1 "BMW Brilliance sales rise by 36 per cent in China", The Economic Times (27 January 2008). Retrieved on 24 February 2013.
- ↑ "Brilliance sells 22,000 BMW cars in Jan-Apr, up 77.3%", Gasgoo (28 May 2010). Retrieved on 24 February 2013.
- ↑ "Brilliance Auto's net profit grows over 24% in 2011, thanks to increase in BMW sales", Gasgoo (30 March 2012). Retrieved on 24 February 2013.
External links[]
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