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BMW Group extends joint venture contract in China until 2040

Green Car Congress

The BMW Group has extended the contract for the BMW Brilliance Automotive Ltd. With the issuance of the new business licence, the increase of BMW Group’s stake in BBA also is effective, as agreed upon by both joint venture partners in 2018. BMW iX in Shanghai. BBA) joint venture until 2040. against 2020).

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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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BMW Landshut producing fuel cell drive components for small-series BMW i Hydrogen NEXT in 2022

Green Car Congress

The BMW Group will pilot a small series of the BMW i Hydrogen NEXT fuel cell vehicle from 2022, based on the current BMW X5 and equipped with a hydrogen fuel cell e-drive. The BMW Group is building on its experience with fifth-generation e-drives to develop this vehicle. —Dr Andreas Wendt.

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Changan's EV brand Shenlan offers up to $6,030 discount on vehicle purchases

CN EV Post

(Image credit: Shenlan) Shenlan, Changan Automobile's new energy vehicle (NEV) brand, is offering consumers tens of thousands of yuan in incentives to purchase vehicles as the auto price war in China continues. In addition to the Shenlan brand, Changan is offering car purchase incentives for its other sub-brands.

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Li Auto rolls out price protection policy amid China auto price war

CN EV Post

The price war in China's auto industry has intensified the wait-and-see mood among car buyers, and Li Auto 's move helps to allay potential consumers' concerns to some extent. For consumers who purchase these models, if the prices drop within 90 days of their order, then Li Auto will refund the difference.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

Green Car Congress

The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. In this respect, we are quite clearly in the fast lane.

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China NEV insurance registrations for week ending Mar 12: BYD 37,141, Tesla 17,032, NIO 2,170

CN EV Post

Tesla 's insurance registrations last week in China were higher than the previous week's 13,266, while NIO 's were lower than the previous week's 3,345. China's passenger vehicle market saw insurance registrations slip last week, with a mixed performance from major new energy vehicle (NEV) makers.

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