Does Brilliance's Bankruptcy Have Any Impact on Brilliance BMW Users?
1 Answers
Brilliance's bankruptcy has essentially no impact on Brilliance BMW users. Here is some relevant information about Brilliance: 1. Introduction: Brilliance Auto Group Holdings Co., Ltd. (Brilliance-Auto) is a key state-owned enterprise under the State-owned Assets Supervision and Administration Commission of Liaoning Province, headquartered in Shenyang, Liaoning Province. 2. Categories: It focuses on the R&D, production, and sales of complete vehicles, powertrains, core components, and the automotive aftermarket business. It owns three independent brands—Zhonghua, Jinbei, and Huasong—as well as two joint venture brands, Brilliance BMW and Brilliance Renault, covering both passenger and commercial vehicles. 3. Development: On January 12, 2021, the Shanghai Stock Exchange issued a disciplinary decision, publicly reprimanding Brilliance Auto Group Holdings Co., Ltd., its chairman, and the person in charge of information disclosure.