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Never say never: BMW and Great Wall to form JV in China to produce MINI electric vehicles

BEIJING – BMW Group and Great Wall Motor Co., Ltd. signed a letter of intent on February 23 in Beijing to form a joint venture in China to exclusively produce MINI electric vehicles, the companies said in separate statements.

The next steps, according to BMW Group, will be to agree on the details of the JV and cooperation agreement and clarify aspects such as the choice of production location and concrete investments. There is no plan to set up an additional sales organization in China for the sales and distribution of the locally-produced MINI EVs, which means they will be sold and distributed through the existing sales structure that BMW Group has in China.

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