In the context of the 15th anniversary of BMW Brilliance Automotive, the BMW Group (BMWYY) announced together with its partner Brilliance China Automotive Holdings (BCAUY) the early extension of the joint venture contract and the further deepening of the existing successful collaboration. The extended contract is valid for 22 years from 2018 to 2040. Furthermore, the BMW Group intends to increase its stake in BBA from 50% to 75% and both partners have signed a corresponding agreement. This transaction is subject to the approval of the relevant authorities and the consent of the CBA Shareholders' Meeting. At the same time, the joint venture also announced an investment of more than EUR3B in new and existing plant structures in Shenyang over the coming years. In Tiexi, a new plant on the existing plant ground will double the site's capacity, while extensive remodelling and expansion measures will target the neighbouring plant in Dadong. Production capacity there will remain the same, but the structure of the plant will gradually be expanded for future BMW model variants and the expected market growth. As a result, the total annual production capacity of BMW automobiles at the BBA plants will gradually increase to 650,000 units from the early 2020s, creating 5,000 new jobs. In 2017, the BBA automotive plants in Tiexi and Dadong produced almost 400,000 vehicles. Currently, six BMW models are produced in Shenyang: Plant Tiexi manufactures the BMW 1 Series Sedan, the BMW 2 Series Active Tourer, the BMW 3 Series Sedan and the BMW X1. At Plant Dadong, the BMW 5 Series Long Wheelbase version and the BMW X3 are manufactured. From 2020, the fully-electric BMW iX3 will also roll off the production line at Plant Dadong, its sole production location, and be exported from China to markets worldwide.Reference Link
