BMW Group expects sales in China to grow around 10 percent this year while global sales are likely to climb 5 percent to 5.5 percent, BMW board member for sales and marketing Ian Robertson said at the Shanghai auto show on Wednesday.
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Robertson also said he expected pricing to remain stable in China this year as the carmaker prepares to produce a sixth model locally. BMW and Chinese joint-venture partner BMW Brilliance Automotive Ltd are currently kicking off the production of the 5 Series long wheelbase, along with the new 1 Series Sedan. The joint venture is also producing an X1 long wheelbase for the Chinese market.
Robertson further said he expected Chinese authorities to tone down plans for introducing a quota for electric cars starting in 2018. Currently, the stipulation says that automakers have to meet a 7 percent sales target in 2020 and 15 percent in 2025, for electric cars and plug-in hybrids.
“Discussions are ongoing with the Chinese government. We firmly believe this market will have a very strong footing within electric vehicles, whether it is as early as 2018, whether it applies to all manufacturers in the same way, is open to discussion,” Robertson said.