Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

German automaker BMW plans to begin operations under its Chinese joint venture with Great Wall Motor in 2023. 


According to media reports, the new facility being built will initially produce two mini electric vehicles (EVs) to be sold in China as well as exported. BMW believes EVs will make up 20pc of its sales in China by the time the units roll off the line. 


During the first quarter, BMW sold 229,000 units in China, including its sub-brand Mini, up by 8pc over the same period last year. BMW will compete with electric brands like Nio, Xpeng, and other emerging EVs to grow its share in the Chinese auto market. 

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