The local joint venture BMW Brilliance Automotive manufactured two-thirds of all BMW vehicles sold last year in China, and in order to meet an increasing demand, BBA will ramp up … The long-term expansion of the BMW Brilliance Automotive Ltd. (BBA) Joint Venture has achieved a significant milestone: a Special General Meeting of Brilliance China Automotive Holdings Ltd. (CBA) in Hongkong has approved the sale of a 25% shareholding in BBA to the BMW Group. The upcoming BMW iX3 is being built at the BMW Brilliance Automotive joint venture (BBA) in China. That is when the 50:50 joint venture … 1 Prior year figures adjusted due to first-time application of IFRS 15, see note 6. BMW says developing joint venture with China's Brilliance 2 Min Read FILE PHOTO: The BMW logo is seen on a vehicle at the New York Auto Show in … 1 Prior year figures adjusted due to first-time application of IFRS 15, see note 6.

With this buy BMW would own 75% of the BMW Brilliance Auto joint venture.

According to internal information, BMW also plans to increase its stake in BBA. Around 63% of the represented shareholders voted in favor of this step. Brilliance and the Munich-based company have been working together successfully for 15 years and have since set up a joint venture called BMW Brilliance Automotive (BBA) for this purpose.

BMW said the deal with Brilliance Automotive, which is subject to regulatory and shareholder approval, would not close until 2022. BBA has been building the BMW iX3 pre-production vehicles at Plant Dadong in Shenyang since the middle of last year.