Brilliance China Automotive Holdings

BMW Group announced its intention to increase its stake in BMW Brilliance Automotive from 50% to 75%, subject to regulatory approval and partner consent.

BMW Group announced an investment of over EUR 3 billion in its Shenyang plants, including a new plant in Tiexi and expansion in Dadong, to increase annual capacity to 650,000 vehicles and create 5,000 jobs. The joint venture contract with Brilliance was extended to 2040.

Brilliance China Automotive Holdings Ltd. and Renault have signed a joint venture contract to form Huachen Renault Jinbei Automotive Co., Ltd., based in Shenyang. The JV aims to revive the Jinbei brand and produce Renault light commercial vehicles in China by 2020, targeting annual sales of 150,000 vehicles by 2022.

Groupe Renault and Brilliance China Automotive signed a binding framework agreement to form a joint venture for manufacturing and selling light commercial vehicles in China. Renault will purchase a 49% stake in Shenyang Brilliance JinBei Automobile Co., Ltd.