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Brilliance China is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. During 2009, the Group disposed of its loss-making Zhonghua sedan business. Starting from January 2010, the Group's operating segments are divided primarily into the manufacture and sale of minibuses and automotive components. Its commercial vehicle brands include "JinBei" and "Granse" minibuses as well as "Huasong" premium MPVs.
In 2003, the Group established a joint venture with BMW, namely BMW Brilliance Automotive Ltd. (“BMW Brilliance”), to produce BMW 3-series and 5-series sedans in China. BMW Brilliance also commenced production and sale of BMW SUVs in the PRC in early 2012. In November 2013, BMW Brilliance launched ZINORO 1E, its first new energy vehicle, in the PRC. At the end of year 2014, the BMW joint venture introduced the very first China-produced BMW new energy vehicle, the 5-series long-wheelbase plug-in hybrid model, in the PRC. It is planned that the brand new X3 SAV, another new BMW model and the sixth one to be localised within BMW Brilliance, will come to market in late 2018.
In January 2018, Renault SAS formerly became a shareholder and a joint venture partner of Renault Brilliance Jinbei Automotive Co., Ltd. (“RBJAC”, formerly known as Shenyang Brilliance JinBei Automobile Co., Ltd.), the Group’s major operating subsidiary in the PRC. Currently, RBJAC is owned as to 51% by the Group and 49% by Renault, respectively. It is planned that RBJAC will engage in the manufacture and sale of LCV products under the JinBei, Renault and Huasong brands. The first goal of RBJAC will be to try to invigorate the JinBei brand and then to manufacture the Renault LCVs in the PRC by 2020.
In April 2015, Brilliance-BEA Auto Finance Co., Ltd. (“BBAFC”), the Company’s auto finance joint venture in China together with Bank of East Asia and CaixaBank, S.A., received final approval to commence business in the PRC. BBAFC is a multi-brand service provider. It initially focuses on supporting the Group’s sales of its minibus and MPVs and our major shareholder Huachen’s sedan products. In December 2016, BBAFC expanded its business by establishing white label financial services partnership with Jaguar Land Rover in China.
Currently, the Company indirectly holds 31.20% equity interest in Xinchen China Power Holdings Limited (“Power Xinchen”), a company listed on the main board of The Stock Exchange of Hong Kong Limited. Power Xinchen develops, manufactures and sells light-duty gasoline and diesel engines used by various domestic and international passenger vehicle and light commercial vehicle manufacturers.
In 2017, BMW Brilliance sold 386,549 BMW vehicles and the Group sold 61,028 minibuses and MPVs.
In 2017, the Group achieved revenue (being primarily those derived from the minibus business) of approximately RMB5,304.7 million. The net profits contributed to the Group by the BMW joint venture amounted to RMB5,237.7 million.
於二零一八年一月，雷諾(Renault SAS )正式成為本公司內地主要營運附屬公司華晨雷諾金杯汽車有限公司(「華晨雷諾」，前稱瀋陽華晨金杯汽車有限公司)的股東及合資企業夥伴。現時，華晨雷諾由本集團及雷諾分別持有51%及49%。華晨雷諾計劃透過金杯、雷諾及華頌之品牌從事製造及銷售LCV產品之業務。華晨雷諾之首要目標為嘗試激活金杯品牌，然後於二零二零年前在中國製造雷諾LCV。
於二零一七年，本集團錄得收益 (主要來自輕型客車業務) 約人民幣五十三億四百七十萬元，而寶馬合資企業對本集團的純利貢獻約有人民幣五十二億三千七百七十萬元。