BMW, Great Wall in Talks to Roll Mini Into China

BMW, Great Wall in Talks to Roll Mini Into China

Great Wall, which does not have any car-making partners, did not make an immediate comment on the report on Wednesday, while BMW also declined to immediately comment.

While BMW already builds cars locally in a venture with Brilliance China Automotive Holdings Ltd, Great Wall doesn't have any carmaking partners in China.

It appears that MINI production is about to venture into China for the first time, if a report by Bloomberg is to be believed.

The German automaker has announced sales of electrified vehicles through the first three quarters of 2017 have already exceeded all of past year.

"We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu", said a BMW executive, who was not authorised to speak on the matter. Rolls-Royce however, saw a decrease in sales of 10.7 percent to 2,343 units, but it's worth noting the Phantom is missing from the brand's lineup now as the new model is getting ready to roll out starting next year.

FILE PHOTO: A Great Wall Motors Haval HB-02 concept vehicle is presented during the Auto China 2016 auto show in Beijing, China, April 29, 2016.

Samsung Galaxy A5 2018 New Leaks Reveal Its Design
Samsung Galaxy J2 2017 Edition, an entry-level smartphone in company's J-series, has been launched in India. Connectivity options include: 4G, GPRS/EDGE, 3G, Bluetooth 4.1, GPS, GLONASS and a 3.5mm headphone jack.

Year-to-date sales of both brands, which are part of the BMW Group, were up 64.2 percent in over the same period last year, the company said Friday.

Thus far neither automaker has officially commented on the reports.

Last month it struck a deal to secure supplies of lithium, a mineral key for developing electric vehicles.

Great Wall shares jumped 13% this week on rumors of the tie-up, and were suspended on Thursday pending an announcement.

The aim of the new partnership is so that BMW can increase production volumes and its market share in the EV segment.

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