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Automobiles

BMW's Chinese partner enters bankruptcy restructuring

Joint venture with German automaker unaffected but own brands face uncertainty

Huachen is the parent of Brilliance China Automotive, the joint venture partner of BMW in China. (Photo courtesy of BMW Brilliance Automotive)
KENJI KAWASE and TAKASHI KAWAKAMI, Nikkei staff writers | China

HONG KONG/GUANGZHOU -- BMW's partner in China, Huachen Automotive Group Holdings, entered bankruptcy restructuring on Friday.

The Shenyang Municipal Intermediate People's Court in northeast China's Liaoning Province, where the company is based, accepted the restructuring application filed by a creditor, according to court records.

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