BMW opens China factory
Friday, May 21st, 2004
Filed under: BMW
In a joint venture with Brilliance China Automotive, BMW has officially opened its factory in Shenyang, north-east China.
The company will invest 450m by 2005, and expects the factory to produce 30,000 BMW 3-Series and 5-Series models annually.
Over the next five years, the company is planning to increase its annual sales in the Asian markets from around 93,000 units in 2003 to 150,000 by 2008.