BMW, Great Wall to build new China plant for electric cars

MUNICH: 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. — Reuters