Recently, Great Wall Motor posted overseas regulatory announcement that BMW Great Wall joint venture “beam Automobile Co., Ltd.” received Zhangjiagang City Market Supervisory Authority issued business license of the beam Motors Limited.
It is understood that BMW Great Wall joint venture project first began in April 2016, the two sides had signed a confidentiality agreement to explore the possibility of cooperation; October 2017, Great Wall Motor announced “ambiguous relationship” between the recognition and BMW.
light vehicle production base was November 22 by the Jiangsu Provincial Development and Reform Commission approved the project planned to start in 2020, completed in 2022. November 29, Great Wall Motor, a joint venture with BMW beam Automobile Co., Ltd. Zhangjiagang production base project officially started. Then, Great Wall Motor’s public announcements, said joint (beam automobile production base project) and BMW (Netherlands) holding company to obtain “Certificate of Approval for Enterprises with Foreign Investment People’s Republic of China.” According to the relevant laws of our country, while foreign-invested enterprises to set up, subject to approval of the business sector, the business sector issued after the approval of the certificate of approval. Announced that the company will handle the follow-up to the joint venture business registration procedures and other information based on the approval certificate and fulfill disclosure obligations.