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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.
BMW Brilliance Automotive (BBA) broke ground on Phase II of its high-voltage battery factory in China, to produce fifth-generation BMW eDrive batteries for the fully-electric BMW iX3 starting in 2020.
| Site | Largest | Latest |
|---|---|---|
| Shenyang, China | $3.50B | 2018-10-11 |
| China, China | 2018-05-28 |