BMW’s failure to win government approval to expand a BMW Brilliance Automotive factory in China is fueling concern that global automakers could find it increasingly difficult to win regulatory approval on projects in the country.
China’s Ministry of Environmental Protection said it sent back an application, citing inadequate wastewater analysis and the plan’s failure to meet government anti-pollution targets.
BMW announced the introduction of a special edition based on the M3 Coupe. We talk about the BMW M3 Coupe Frozen Blue, a model which hits the Chinese market with a quite steep pricing tag of 1,29M Yuan or $210,000.
Daimler will double production at its plant in Beijing, shown. Mercedes’ Chinese sales are down in the first four months of this year.Photo credit: Bloomberg
Chinese market for cars is booming and automakers around the world want a piece of this increasing market. At the Shanghai Auto Show, Kia has announced a new brand for Chinese market called “Horki” with the presentation of a first Horki concept car.
It seems that these days every other news has something to do with China. And not one to be left out of the loop, BMW went deep in their pockets and decided to invest big in China.
