When i think of the morning, most people think about the brand, and the news of the recent collapse of the bmw has spread over the internet, and there are speculations about the future of the bmw...
In late october, interest was paid only on the expiration of the $1 billion private fund-raising due from the china morning group, and the failure to pay the principal was cause for concern. On 13 november, a creditor filed an application for reorganization of the china morning consortium with the court in accordance with the law, and on 20 november, the city intermediate people's court of shenyang decided to accept the creditor's application for reorganization of the china morning automotive group holdings ltd. (hereinafter referred to as the china morning consortium), which formally entered insolvency reorganization proceedings。
As a state enterprise of liaoning province, the china morning group directly or indirectly held shares and participated in four listed companies, and established the china morning bmw through china's joint venture with bmw. There are three autonomous brands, chinese, gold cups, chinese and chinese, and two joint brands, bmw and renault。
China’s total debt is over 100 billion dollars, various credit evaluation agencies have reduced the credit rating of china’s main body from aa to bbb, and the fact that the chinese morning car has been repeatedly enforced by the courts for failing to comply with its legal obligations this year is still a major reason for the weakness of the autonomous plates. For years, the chinese morning group has been heavily dependent on bmw for blood transfusions, and between 2015 and 2019, after removing the bmw’s share of profits, the chinese morning car has accumulated a loss of $3. 484 billion, while bmw has contributed a total of $26. 9 billion over the same period of five years。
In october 2018, china announced that 25 per cent of bmw shares would be sold to bmw. Upon completion of the deal, the bmw and shenyang golden cup vehicles will have 75 per cent and 25 per cent of their bmw shares, respectively. Following bmw's announcement of an increase in the bmw ratio, the early morning car's own financial and performance situation was brought to the fore, which also affected the attitude of upstream and downstream suppliers and partners towards the morning car。
What is the impact of this morning's collapse on the bmw? According to the concerned head of the huai sun group, the reorganization concerned only the autonomous brands of the group itself and not the listed companies and joint ventures with bmw, renault and others. At almost the same time, there's a media sensation that the bmw and the wall are deepening their cooperation...
It was revealed that bmw had greater expectations of joint venture blocks in the great wall, that not only would it be possible to produce the entire mini system in the future, but also that information on chassis operations showed that production lines were being laid for the bmw 3 family, and that volume production was expected to begin in 2024. There is no official response to this news, and it is not yet known whether bmw's deepening cooperation with the wall is connected to the china morning group。
In july 18, the great wall and bmw established a joint venture with 50 per cent shares on both sides. The new company is named beam motors limited, with a registered capital of 1. 7 billion yuan. In the short term, the new joint venture will focus on the mini branded electric vehicle, providing products and services to the global market. In the future, the joint venture will jointly develop a new generation of pure electric vehicle platforms, which will produce new branded electric cars in addition to the bmw mini electric vehicles。
And the media-broadcasted great wall is laying a production line for the bmw 3 family. Is this a pure electric 3 system? There has always been a pure electronic version 3 on the road test, which may have a similar appearance to that of fuel version 3, which has been revealed to be based on the development of the g28 long-axis, which means that it may be sold only in china, but has not yet been officially confirmed. On the power side, it may be shared with ix3 and not i4。
It seems to me that the morning bmw will not simply “disappear”, that the market is for capital gain, and that no one knows what will change in the future. It is to be hoped that the bmw group will soon be able to survive, that the journey to china will be smooth, and that our own brand will continue its efforts to shine a brighter light on the international stage
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