10000 electrified BMW and MINI vehicles sold in September

BMW is looking to expand its presence in China to build EVs potentially with Great Wall Motors

BMW is looking to expand its presence in China to build EVs potentially with Great Wall Motors

"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. The agreement would mark the first time the Mini would be produced outside of Europe and units could be exported to markets beyond China. (GWLLY) to outsource manufacturing of its iconic Mini cars. BMW is trying to stay ahead of third-place Daimler's Mercedes-Benz, which recorded 26.6 percent growth in China sales in 2016 thanks to a fresher model lineup.

"The BMW Group has the largest share of the electrified market worldwide; this year, we've already sold more electrified vehicles than in the whole of last year and we are well on track to deliver our target of 100,000 by year-end".

Keenum Likely to Start at QB vs. Green Bay
The Packers are hopeful to have left offensive tackle David Bakhtiari back for this game for the first time since opening week. What exactly does Rodgers do to get out of the pocket? Too bad, because there's no reason to trust the Packers defense so far.

Bernstein analysts said they believed that any new venture of BMW and Great Wall would have to sell exclusively electric vehicles (EVs), given China's moratorium on approvals for new gasoline auto businesses.

BMW said that this approach did not put into question its commitment to Mini factories in the U.K. The company also said that it wants to expand its business with its existing joint-venture partner BMW Brilliance Automotive (BCAUY) in China.

Maine's Susan Collins Says She's Staying in US Senate
Prior to her announcement on Friday, Collins, 64, seemed genuinely conflicted about a gubernatorial bid. She was re-elected with 68.5 percent of votes in 2014, 61.3 percent in 2008 and 58.4 percent in 2002.

The plans were first reported by Shanghai-based www.iautodaily.com earlier on Wednesday. Local media speculation of a tie-up with BMW sent its shares soaring 14% Wednesday, prompting suspension in trading.

The aim of the new partnership is so that BMW can increase production volumes and its market share in the EV segment.

Government price cap to limit energy bills for 15m homes
But the law will expire in 2020, it was disclosed, with the potential for it to be extended for a further three years at most. The Government is expected to give more details of how that could work when it unveils new draft legislation on Thursday.

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