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.
Great Wall gets approval for car plant with BMW
Image: Dado Galdieri/Bloomberg via Getty Images
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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