Great Wall gets approval for car plant with BMW

22 November 2019 - 14:33 By Reuters
The Great Wall logo
The Great Wall logo
Image: Dado Galdieri/Bloomberg via Getty Images

China's SUV maker Great Wall Motor said on Friday the local regulator had approved its auto manufacturing project with German premium carmaker BMW.

The project, with a total investment of 5.1bn yuan (roughly R10.65bn), will have annual capacity of 160,000 combustion engine cars for export, according to a Great Wall filing on Shanghai Stock Exchange.

Great Wall and BMW said in 2018 they plan to launch a joint venture to make new energy vehicles in China.