Reported by Reuters, Bernstein analysts said that, given China’s aggressive push toward electrification and BMW’s pre-existing internal combustion sales, it’s believed any new venture would have to sell exclusively electric vehicles. It wouldn’t make much sense to bring in another gas-burning brand. Instead, experts claim BMW will sell EVs under the Mini badge.
However, an unnamed BMW executive already spilled the beans, saying, “We are in discussions with Great Wall about setting up a joint venture to produce cars in Changshu.”
massively undervalued, page-82
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