BMW Group expects sales in China to increase around 10 percent this year while worldwide sales are likely to climb between 5 percent to 5.5 percent, BMW board member for sales and marketing Ian Robertson stated at the 2017 Shanghai Motor Show.
Asked exactly what growth rates he expects for BMW Group, which includes the Mini brand, in China this year, Robertson stated, “Overall we believe it will be 10ish percent.”
Robertson likewise said he anticipated rates to stay steady in China this year as the automaker prepares to produce a 6th model regionally.
BMW, along with with its Chinese joint-venture partner BMW Sparkle Automotive, is presently increasing production of its new 5 series sedan after beginning Chinese assembly of the BMW X1 compact sports utility vehicle and a 1-series sedan.
BMW has no need for extra joint venture partners to increase sales expansion, Robertson informed.
Robertson further said he anticipated Chinese officials to tone down plans for presenting a quota for electric vehicles starting in 2018. Policymakers have demanded automakers fulfill sales targets for electric cars and plug-in hybrid petrol-electric cars of 7 percent in 2020 and 15 percent in 2025.