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BMW counters Tesla offensive in China with new EV plant – Nikkei Asia

Source: nikkei.com nikkei.com
News Snapshot:

An electric-powered BMW iX xDrive 50 at the Auto Zurich Car Show. Luxury car brands have fallen behind Tesla and Chinese players on electric vehicles. © Reuters SHIN WATANABE, Nikkei staff writer June 24, 2022 02:12 JST | China Copy Copied SHENYANG, China — Gray walls stretch into the distance about an hour's drive from the center of Shenyang in northeast China. Behind the barriers is Plant Lydia, a 15 billion yuan ($2.24 billion) factory built by BMW Brilliance, a joint venture between BMW and Brilliance China Automotive Holdings. Read Next

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