ALSO READAt BMW India, 50% of the car's price is just taxes, says Vikram Pawah BMW Chennai plant starts production of new 5 Series BMW R1200GS Rallye: Amazing motorcycle, like a Rolls-Royce on two wheels Fifty per cent of a BMW car's price is taxes, says Vikram Parwah BMW to hike prices by up to 2% from April in India
German luxury carmaker BMW today opened a new research and development (R&D) centre in northeast China's Liaoning province, the company said.
The centre is an extension of the original one built in 2012, and is five times larger than the first-stage project.
About 75 per cent of the 800-plus research personnel are Chinese. The centre will focus on new energy technology to establish a complete R&D and production chain in China, state-run Xinhua news agency reported.
Johann Wieland, President and CEO of BMW Brilliance Automotive, said the new R&D centre would act as a hub to bring in more advanced technology under the German Industry 4.0 model to promote the transformation and upgrading of the automobile industry in China.
China has become the largest single market for BMW automotive vehicles. Earlier in May, the BMW assembly plant in Shenyang's Dadong District began operations. In January last year, an engine plant also began production in Shenyang.
Founded in 2003, BMW Brilliance Automotive Ltd is a joint venture of BMW Group and Brilliance China Automotive Holdings Ltd.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)