BMW will team up with Brilliance Automotive Holdings, said Professor Dr -Ing. Joachim Milberg, chairman of the board of BMW AG on a press conference on Friday.

He said the licensing and approval needed for the joint venture proposal has entered the final phase.

"The production of BMW cars in China will be a further milestone ensuring the powerful presence of the BMW Group in this very promising automobile market," he added.

BMW hopes to become China's leading luxury car manufacturer, he said.

In the first nine months, BMW sold over 4,600 cars in China, up 72 per cent over the corresponding period of last year.

Close

Today's Top News		Top China News
+WHO: Bird flu death rises to 15; vaccination recommended (2004-02-05) +Solana: EU ready to lift China arms embargo (2004-02-05) +Nation tops TV, cell phone, monitor production (2004-02-05) +Absence ... still makes China hot (2004-02-05) +Hu: Developing world in key role (2004-02-04)		+China confident of curbing bird flu: official (2004-02-05) +Absence ... still makes China hot (2004-02-05) +Department store faces music in copyright case (2004-02-04) +Official: Bird flu basically under control in China (2004-02-05) +Possible punishment for gay pimps (2004-02-05)