BMW Takes Majority Share in Chinese JV Brilliance Automotive

Posted on 11 February 2022 by Ken Zino

Ken Zino of AutoInformed.com on BMW Takes Majority Share in Chinese JV BMW Brilliance AutomotiveBMW said today that it now owns a large majority stake in its Chinese joint-venture BMW Brilliance Automotive Ltd. with the granting of a license from the Chinese government. This allows a contract  signed by the two joint-venture partners in October 2018 to become active. During the past decade, BBA has invested more than 10 billion euros in China. BMW’s larger new ownership share should add about 8 billion euros in profits at BMW this year.

BMW Group now holds 75% of the shares in BBA, while its Chinese partner, Brilliance China Automotive Holdings Ltd., indirectly holds the remaining 25%. Last year, a total of 846,237 BMW Group vehicles were delivered to customers in the Chinese market (+8.9% compared to 2020). In 2021, BBA produced more than 700,000 BMW vehicles, with around 23,000 employees.

“Today marks an important step, as we continue to expand our long and successful commitment to China. We firmly believe that our continued success in the world’s largest automotive market can only go hand in hand with the growth and further development of our BBA joint venture. The joint venture contract has been extended until 2040 and lays the foundation for sustainable business success, creating growth and prosperity in the province of Liaoning and beyond,” said Oliver Zipse, Chairman of the Board of Management of BMW AG.

 BBA is increasing production capacity in Shenyang during 2022: The BBA plant in the Dadong district is currently undergoing an expansion. A completely new plant is also being built in the Tiexi district. The BMW Group will use the additional capacity to locally manufacture models for the Chinese market, which are also being produced in other plants. It will also be used to manufacture additional fully electric models in China.

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About Ken Zino

Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
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One Response to BMW Takes Majority Share in Chinese JV Brilliance Automotive

  1. Pingback: BMW Group Post Q1 Earnings of €10.185 Billion | AutoInformed

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