Has Brilliance BMW Gone Bankrupt?
2 Answers
No, it has not gone bankrupt. Below is a detailed introduction about Brilliance BMW: 1. Development: As of 2021, Brilliance BMW continues to maintain strong development momentum, with no signs of bankruptcy. On the occasion of Brilliance BMW's 15th anniversary, BMW Group and Brilliance Auto Group jointly announced that the shareholders would extend the joint venture agreement of Brilliance BMW to 2040 (from 2018 to 2040), further deepening their successful cooperation. 2. Charging Network: Additionally, BMW has been continuously expanding its charging network, collaborating with dealers to promote and sell new energy vehicles: By the end of 2019, BMW had provided over 130,000 public charging piles in more than 200 cities across the country; the number of new energy vehicle dealer service outlets increased from 336 in 2018 to 450, achieving full coverage in first- and second-tier cities.
I've recently seen a lot of discussions online about BMW Brilliance, and as an owner, I'm particularly concerned. It's true that Brilliance Auto Group applied for bankruptcy restructuring at the end of 2020, mainly due to excessive debt. However, the joint venture BMW Brilliance hasn't gone bankrupt at all—it's still producing and selling BMW cars as usual. My friend just picked up a domestically produced X5 last month. I heard that BMW increased its stake from 50% to 75%, giving it more control now, while Brilliance China still holds the remaining 25%. The Shenyang plant is still operating, and the production lines haven't stopped. So don't panic—domestically produced BMWs are still worth buying. It's just that the shareholder structure behind them has changed, but after-sales services remain unchanged, so it won't affect our driving experience.
