"The discussion and evaluation relating to the feasibility of cooperation between the company and BMW for vehicles of MINI brand is still at preliminary stage, and there are material uncertainties as to whether both parties will officially commence cooperation", the company said in an exchange filing.
German luxury automaker BMW is looking to form a joint venture with Great Wall Motor in China, which could focus on electric vehicles, according to two sources familiar with the matter on Wednesday.
Great Wall, which does not have any car-making partners, did not make an immediate comment on the report on Wednesday, while BMW also declined to immediately comment.
If the JV project moves ahead, it will be BMW's second partnership operation in China.
The two companies are discussing the possible export of Mini brand cars from China to other markets, said the officials, who asked not to be identified because the deliberations are private.
For those unfamiliar with the market, foreign carmakers are required to team up with local partners in China. As a result, names like Volkswagen AG, Ford Motor Co. and Renault-Nissan have all announced electric auto joint ventures in China this year.
The 1 Series sedan BMW selling exclusively in Chinese marketBMW
The talks of an alliance between BMW and Great Wall come at a time when Chinese government is aggressively pushing automakers to switch to alternative fuel vehicles.
The plans were first reported by Shanghai-based www.iautodaily.com earlier on Wednesday.
Last month it struck a deal to secure supplies of lithium, a mineral key for developing electric vehicles.
Trading would be suspended pending clarification of press articles, the company said.
The aim of the new partnership is so that BMW can increase production volumes and its market share in the EV segment.
SC puts on hold Centre's plan to deport Rohingyas
Additional Solicitor General Tushar Mehta told the court that "this is an issue involving worldwide ramifications". India's top court said Rohingya Muslims issue is of "great magnitude" and the state has a big role to play.
Earlier, Safdar was arrested by the NAB on October 9 just after his return from London but later released by the court on bail. Sharif's lawyer Khawaja Harris asked the court to adjourn hearing for 15 days with commitment that Sharif would also appear.
The team will be challenged by the terrifying threat of the Demon Bear, the creature that has stalked Danielle's family for years. Magik, Wolfsbane, Cannonball, Sunspot, Mirage, and Cecilia Reyes will all feature in the film.
Almanack Investment Partners LLC. bought a new position in shares of Netflix in the second quarter worth about $101,000. Following the sale, the insider now directly owns 19,208 shares in the company, valued at approximately $3,407,115.04.
The early Thursday rescue operation "by Pakistani forces, based on actionable intelligence from US authorities was successful". During this time the couple remained under the custody of the Haqqani network, and they also bore three children.
Talking about the specifications of the Oppo F3 Lite, it comes with a 5.2-inch HD display and features unimetal body design. A micro USB port is present at the bottom of the phone, and it has sensors such as light sensor, gyroscope, and e-compass.
Pavel Zacha scored his first goal of the season to give the Devils a 3-2 lead at 9:58 of the second period. The Maple Leafs won two of the three meetings previous year and the total went over in all three meetings.
Fans are encouraged to apply for this free document as soon as possible after they receive their ticket confirmation email. Petersburg, Sochi, Kazan, Saransk, Kaliningrad, Volgograd, Rostov-on-Don, Nizhny Novgorod, Yekaterinburg and Samara.
But last month Zuma and the NPA made an about-turn and conceded that Mpshe's decision not to prosecute Zuma was irrational. Justice Leach also ruled that the NPA and Zuma must pay the costs of DA counsels.
Regentatlantic Capital Llc increased Hewlett Packard Enterprise C stake by 34,813 shares to 425,271 valued at $7.06M in 2017Q2. Finally, First Mercantile Trust Co. bought a new stake in shares of Metlife during the first quarter valued at about $149,000.
NOPD officer fatally shot in New Orleans East
When the victim got out of his vehicle , the perpetrator fired on him and the officer returned fire, according to FOX 8 . It happened at an apartment complex in the 6800 block of Cindy Place, about a block off the I-10.
Samsung reportedly prepping Bixby 2.0 announcement next week
The upgraded version of Bixby is set to be announced at Samsung's annual Developer Conference in San Francisco on October 18. Bixby will join the likes of Siri, Cortana, Alexa and Google Assistant to become the go-to assistant in the digital space.
China's trade growth accelerates
China's service imports continued to substantially outvalue exports in the first eight months due to strong domestic demand. The exports rose 8.5 percent year on year to 458.23 billion yuan, almost half of the country's total service exports.
UAE Stops Issuing Visas for North Korean Laborers
More than 1,000 North Korean laborers are reportedly working at construction sites and elsewhere in the UAE. North Korean laborers working overseas are one of the major sources of foreign currency for Pyongyang.
Microsoft Edge Preview Comes to Android
Since this is an unreleased app, you'll have to follow that link, as it's been hidden from search results within the Play Store. Recall that the iOS version of the browser was released only a couple of days ago with a promise to launch the Android browser.
Girl Scouts remains girl-focused
In Western New York, the Girl Scouts serve about 15,000 girls and there are 21,000 total members including adults, she said. The Girl Scouts learned back in January that the Boy Scouts were considering opening their ranks to girls, Margosian said.
Robert Pattinson and FKA Twigs Have Reportedly Split
Rob and FKA during happier times at the 8th Annual GO Campaign Gala at Montage Beverly Hills on November 12, 2015. In the past few months, there seemed to be water in the gas between Robert Pattinson and FKA Twigs .