Is the BMW X3 a joint venture car?

[DelErin]

BMW X3 has both imported models and domestically produced models. The domestically produced models are manufactured by BMW Brilliance. Introduction to joint venture cars: As the name suggests, it is a project jointly established by Chinese and foreign investors. The Chinese side contributes by providing land and factory usage rights, and capital; foreign investors contribute brands, technology, capital, talent, etc. Joint venture cars are the products of such cooperation. Foreign parties provide technology, talent, brands, etc. for assembly in China, but the core technology is still controlled by the foreign side. Reasons why joint venture cars are expensive: Joint venture cars are inevitably expensive. Although China's technology is advanced, it still lags behind Europe and America, and production capacity is insufficient. Joint venture cars are also expensive due to intellectual property issues. The cooperation and interdependence between China and foreign car manufacturers is very low. Generally, what China learns from foreign car manufacturers is more about assembly technology, corporate culture, internal management, etc.