Australia's largest stock trading and investment forum Australia's #1 stock forum

I think the trouble that will loom will be for those who put...

First 6 Last

Share
Profile

Follow
sierra

11,154 Posts.

01/12/19

11:04

Post #: 41732593
Share

Originally posted by hot capital: ↑

BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW's electric MINI brand and Great Wall Motor models.The 650 million euro ($716 million) plant is due for completion in 2022.Automakers and suppliers are scrambling to meet tough new Chinese quotas for less polluting cars.

Those rules call for electric and rechargeable hybrid vehicles to account for a fifth of total sales by 2025.The new joint venture Spotlight Automotive, will be based in Zhangjiagang near Shanghai and eventually employ 3,000 staff.Earlier this month, Great Wall gained domestic regulatory approval for the new plant.

Great Wall is China's top sport utility vehicle and pick-up truck maker. It also builds Ora, an affordable battery electric vehicle brand in Baoding, the city where it is based.

BMW is following the footsteps of larger peer Volkswagen , which is readying two Chinese factories to build electric cars next year, and which will have a combined production capacity of 600,000 vehicles.Tesla is aiming for more than 500,000 cars a year eventually once its new factory in Shanghai, is up and running smoothly .

Germany needs to work with China asap or trouble will loom

Hot Trading Hot Capital

Expand

I think the trouble that will loom will be for those who put their capital into a country which makes it's own rules to suit the ruling classes.
They are totally at the mercy and whim of the CCP which is now a synonym for the imperial leaders.
By placing their resources there they betray the free world and support despots who rule by fear and deception.
Upvote

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

Trump just dropped a 200% tariff bomb. Here's how to cash in

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner