The European central bank will conduct its press conference on January 24 at 15:30 MT time.
BMW expects China sales surge to hit 10% this year
BMW Group actually expects sales in China to inch up approximately 10% in 2017, while global sales will probably ascend 5%. That’s what Ian Robertson, BMW board member for sales and marketing told at the Shanghai car show on Wednesday.
When asked what surge rates he expects for BMW Group, including the Mini brand, in China in 2017, he told that the company hopes for a 10% surge.
Additionally, Robertson stressed he expected pricing to remain intact in China in 2017 because the car maker is preparing to produce a sixth model locally.
BMW along with its Chinese joint-venture partner BMW Brilliance Automotive Ltd, is currently busy with ramping up output of its brand new 5 series sedan, having started Chinese assembly of the BMW X1 compact sports utility car as well as a 1-series sedan.
BMW doesn’t need for extra joint venture partners to ramp up sales expansion, as Robertson emphasized.
Robertson added he expected the Chinese government to tone down plans for introducing a quota for electric vehicles in 2018.
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