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The Company (through its 49.01% indirectly owned company,
BMW Brilliance Automotive Limited) manufactures and sells
all of its sedans under the "BMW" brand name in China.
On 27th March, 2003, the Company (through its 98% indirectly
owned subsidiary) entered into a joint venture contract
with BMW Holding BV in relation to the establishment of
the joint venture to manufacture, assemble and sale of
the latest version of the BMW-designed and branded passenger
cars, engines, parts and components in China. The 3-series
and 5-series BMW sedans produced by the joint venture
were launched in the Chinese sedan market in November
2003. The BMW joint venture also launched new versions of the 3-series and 5 series in September 2005 and November 2006, respectively.The BMW sedans are targeted at the premium sedan
market in China.
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