Bayerische Motoren Werke (XE:BMW)
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2 Months : From Nov 2019 to Jan 2020
By Martin Mou
Great Wall Motor Co. (2333.HK) said its joint-venture vehicle plant with Bayerische Motoren Werke AG (BMW.XE) has received regulatory approval from Chinese authorities.
Now that it has obtained the certificate of approval for foreign investment enterprises, the company will work on completing the business registration for the joint venture, Great Wall Motor said on Sunday.
The joint venture plant, based in the eastern Chinese city of Zhangjiagang, will produce electric versions of models from BMW's Mini brand as well as of Great Wall Motor models, the two companies said earlier.
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(END) Dow Jones Newswires
December 15, 2019 19:12 ET (00:12 GMT)
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