Is BMW a Joint Venture or Imported Car?
1 Answers
BMW has both joint venture and imported models. The domestically produced BMW models include the 1 Series, 2 Series, 3 Series, 5 Series, X1, and X3. The imported models include the 7 Series, X4, X5, X6, GT, etc. All domestically produced BMWs will have the four large characters 'Brilliance BMW' on the rear. Below are specific details: 1. Founding Time: BMW was established in 1916, with its headquarters located in Munich, Bavaria, Germany. BMW is the abbreviation for Bayerische Motoren Werke AG. It is a renowned German enterprise. 2. Entry into China: In 1994, BMW entered the Chinese market through complete vehicle imports. By 2003, the BMW Group signed a joint venture contract with Brilliance China Automotive Holdings Ltd. and established a complete vehicle manufacturing plant in China. Since then, BMW has embarked on the path of localization in China. The joint venture BMW is known as Brilliance BMW.