Great Wall gets approval for car plant with BMW
China's SUV maker Great Wall Motor said on Friday the local regulator had approved its auto manufacturing project with German premium carmaker BMW.
The project, with a total investment of 5.1bn yuan (roughly R10.65bn), will have annual capacity of 160,000 combustion engine cars for export, according to a Great Wall filing on Shanghai Stock Exchange.
Great Wall and BMW said in 2018 they plan to launch a joint venture to make new energy vehicles in China.
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