Luxury German carmaker BMW is in talks to produce its Mini models in China in partnership with Great Wall Motor Co., the Chinese carmaker confirmed on Friday. David Pollard reports.
Small car, but potentially big deal .... As it's confirmed that BMW IS in talks with Great Wall to produce Minis in China. Reuters first reported the two in joint venture talks on Wednesday. The news producing a 14 per cent spike in the Chinese carmaker's share price. But this added twist may delight a new market of Mini fans. And investors. (SOUNDBITE) (English) LCG SENIOR ANALYST, JASPER LAWLER, SAYING: "What auto manufacturers have to do in in China is partner with the local partners, and so BMW already have one. But in order to increase the number of models available it just makes tactical sense to make another tie up." The talks are described as preliminary. But if successful, could see conventional Minis manufactured - and electric. China has a tough new target for zero-emission cars - 20 per cent of total sales by 2025. These Minis are produced in Britain. The possible new venture, BMW says, does not call into question its commitment to its facilities there.