GENEVA - BMW’s ambitions to establish China as a hub for exporting electric cars are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives told Reuters.
But Washington and Beijing are locked in a trade dispute, with U.S. President Donald Trump threatening to increase tariffs to 25 percent from 10 percent on $200 billion of Chinese goods if the two sides can’t reach a deal. BMW bought a majority stake in its Chinese joint venture partner Brilliance last year and announced plans to build an electric version of its X3 sport-utility vehicle at the venture’s plant in China.
Whether an electric Mini could be exported from China is an open question, Peter Schwarzenbauer, BMW’s board member responsible for Mini told Reuters in an interview.
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Source: CNBC - 🏆 12. / 72 Read more »