BMW Archives - Pandaily

BMW Chairman Believes China is One of Most Important Markets

Oliver Zipse, Chairman of the Board of Management of German automaker BMW Group, recently said that the company will continue to unswervingly take root in China and establish a stable win-win relationship with Chinese partners.

October Retail Sales of New Energy Vehicles in China to Hit 550K Units

The China Passenger Car Association estimated on October 24 that retail sales of passenger cars in China this month would be about 1.91 million units, up 11.4% year-on-year, among which the retail sales of new energy vehicles would be about 550,000 units.

Why Are German Automakers Like BMW and Volkswagen Increasing Investment in China?

European enterprises are increasing their investment in China one after another. In the field of automobile manufacturing, the increasing pace of foreign investment is more apparent.

Envision AESC to Build New US Factory for BMW Battery Supply

BMW and Envision AESC, a battery tech firm under Envision Group, reached a long-term cooperation agreement. Under the deal, Envision AESC will provide its next generation of lithium-ion batteries for BMW's new vehicle models from 2026.

BMW Invests a Further 10B Yuan in Chinese Battery Facility

BMW will invest another 10 billion yuan ($1.38 billion) to expand its high-voltage battery production center in China's northeastern city of Shenyang, and that it will generally increase investment in battery projects in the country.

BMW Comments on Shift of Production to China From UK

German auto company BMW Group said that the Oxford factory will suspend the production of electric vehicles, but will not stop the production of MINI models.

CATL’s Q3 Profits Exceed $1.22B, Setting New Record

A financial report for Chinese battery giant CATL released on October 10 showed that its net profits for the third quarter of this year are expected to total between 8.8 billion and 9.8 billion yuan ($1.22 billion - $1.36 billion), up 169% to 199% year-on-year.

Li Auto Founder Questions Comparison Between L7 and Niutron NV

Niutron, an EV maker established by Li Yinan, the founder of Chinese electric scooter firm Niu Technologies, unveiled its first model called the Niutron NV. One blogger's comparison between the new model and Li Auto's L7 was questioned by Li Auto's founder.

NIO Starts Delivery of ET5

NIO's second sedan ET5 officially started delivery in cities including Shanghai and Suzhou. Aiming at the pure electric, mid-sized luxury vehicle market, the ET5 will compete against products such as the Tesla Model 3 and BMW 3 Series.

BYD Launches Three EV Models for European Market

On September 28, BYD launched three models for the European market, including Han, Tang and ATTO3 (known as Yuan PLUS in China). The prices for these three models, however, are much higher than those in China.

BMW to Use CATL and EVE Energy’s Cylindrical Cells in 2025

German automotive maker BMW Group will use cylindrical cells in its Neue Klasse models starting in 2025. To meet cell demand, it has awarded cell production contracts to two Chinese battery manufacturers, CATL and EVE Energy.

EVE Energy to Supply Batteries for BMW in Europe

News emerged on August 17 that EVE Energy will provide large cylindrical batteries for BMW's electric vehicles in Europe. The battery maker responded that it had obtained BMW's designated letter before, and the production line is currently under construction.