The car signed a joint venture agreement to establish a new joint venture in China with a 50:50 ratio. The new joint venture, named "Beam Car", will develop and produce electric vehicles in China. In addition to producing MINI electric vehicles, the company will also produce electric vehicle products for Great Wall Motors, which will be located in Jiangsu Province and establish an advanced new production base in the local area.
According to previous reports, BMW will also build a battery factory in Rayong, Thailand, which is BMW's fourth battery plant in addition to Germany, the United States and China. BMW currently assembles four plug-in hybrids in Thailand, with 1,300 units sold in 2017. In China, there is now a battery assembly line in Shenyang. If the iX3 is mass-produced in 2020, it may be that the BEV line is invested in China and Germany. PHEVs are used in other regions. Take a look at the Australian electric vehicle market.
I think that the base of electric vehicles built in China is also a two-handed plan. If the domestic market is unsustainable after so many incentives have subsided, it may be promoted to Southeast Asia and Australia and New Zealand. The previous exit path.
There is also a major event. Tesla signed a pure electric vehicle project investment agreement with Shanghai Lingang Management Committee and Lingang Group. It will build a special joint venture in the Lingang area to integrate R&D, manufacturing and sales functions. The super factory (Gigafactory 3), which plans to produce 500,000 pure electric vehicles per year, is the largest foreign-invested manufacturing project in Shanghai's history. It is understood that the Shanghai Municipal Government and Tesla have signed a memorandum of cooperation. Tesla (Shanghai) Co., Ltd. and Tesla (Shanghai) Electric Vehicle R&D Innovation Center were also unveiled simultaneously. According to the agreement, Shanghai will actively support Tesla's establishment of a Tesla subsidiary and an electric vehicle R&D innovation center integrating R&D, manufacturing and sales functions in Shanghai, which is an important part of Tesla's global R&D system.
Subsidies have retreated and captured the Chinese market. Chinese and foreign auto companies are all on the same starting line, can they be prepared? These companies that screamed for export numbers have to land in China in the past few years and then capture the entire Southeast Asian and Australian markets.
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