Even amid the ongoing Covid-19 pandemic, German carmaker BMW sees enormous potential in the China market and has pledged to ramp up its production in the world’s largest auto market.
This from China Daily
BMW AG is considering scaling up its investment in China as the German premium carmaker is convinced the country’s development potential in the long run remains positive, a senior company executive said.
“All of our investments we committed (in China) will continue, and we are actually discussing investing more in China in the future,” said Jochen Goller, president and CEO of BMW Group Region China, in a video on Wednesday.
“So China will remain our most important market worldwide.”
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Sales numbers for 2020 are likely to be down across all carmakers. Several Chinese carmakers slashed downward their sales targets for the year, China Daily reports.