According to Reuters, a spokesman for Germany's BMW motor company said on December 13 that the company will produce its X5 medium-size luxury SUV in China.
"To meet strong global demand for the BMW X5, we are expanding global production capacity for this popular sport car," the spokesman said. We will increase the local production of the BMW X5 in China for the Chinese market. ”
BMW currently manufactures the X5 in the United States. To date, the X5 sold in China has been produced by BMW at its Spartanburg plant in South Carolina. The BMW statement said the increase in production in China would not affect production at the South Carolina plant.
Earlier, the German Business Daily quoted unnamed sources as reporting that in addition to starting production of X5 SUVs in China, BMW will also produce an electric version of the 3 Series sedan exclusively in China. According to the Deutsche Zeitung, BMW plans to exercise its option in the first quarter by increasing its stake in BMW Brilliance to 75%.
Source: Daily Economic News
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