BMW China Partner’s Profit Gains 52% on Demand for 5Series Bloomberg

6 мая 2014 | Author: | Комментарии к записи BMW China Partner’s Profit Gains 52% on Demand for 5Series Bloomberg отключены
BMW Brilliance Zinoro 1E

BMW China Partner’s Profit 52% on Demand for 5-Series

Bayerische Werke AG (BMW) ’s Chinese reported first-half profit 52 percent on demand for new models its 5-series sedan in the world’s auto market.

Net income at China Automotive Holdings (1114) rose to 2.03 yuan ($332 million) 1.33 billion yuan, the said yesterday in a statement to the Kong stock exchange. fell 8.5 percent to 2.57 yuan.

BMW has said China will surpass the U.S. as its top market year as the brand enters communities and wins buyers its 3- and 5-series sedans. The automaker, trails Volkswagen AG (VOW) ’s in China, has grown faster its competitor for at least four years since 2009.

Brilliance has taken a vital in helping China surpass the States to become BMW’s largest world market in in terms of sale volume,” Chairman Wu Xiaoan said in the “The joint venture continue to execute its capacity plans.”

Brilliance gained 1.3 percent to at HK$10.66 in Hong Kong before the announcement, extending the gains this year to 12 The benchmark Hang Seng rose 1.2 percent yesterday.

environmental protection ministry month sent back an by BMW Brilliance to expand production at their assembly plant in citing inadequate wastewater and the plan’s failure to meet targets.

Brilliance has resubmitted documents to the ministry and doesn’t expect its to expand capacity to be affected, Wu in an earnings briefing in Hong yesterday.

Vehicle Recall

this month, BMW Brilliance a recall for 143,215 vehicles in for power steering faults, to the General Administration of Quality Inspection and Quarantine.

BMW Brilliance Zinoro 1E

Brilliance, assembles the 3- and 5-series sedans and X1 said deliveries increased 31 in the first six months of the year to units. BMW deliveries in China including vehicles shipped Germany — climbed 18 to 214,994 vehicles in the first months of this year, to company data.

The first new-energy model for Brilliance’s joint venture with BMW, will be in China by the end of the year, according to statement.

The company plans to a hybrid version of the 5-series next year, Wu said.

BMW Brilliance is also planning to add BMW models for local production to its reach in China and expanding its network, which exceeded 380 as of June 30, according to the statement.

To Bloomberg News staff for story: Alexandra Ho in Shanghai at ; Jasmine Wang in Hong at

To contact the editor for this story: Young-Sam Cho at

BMW Brilliance Zinoro 1E
BMW Brilliance Zinoro 1E
BMW Brilliance Zinoro 1E
BMW Brilliance Zinoro 1E
BMW Brilliance Zinoro 1E

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