Electric cars in ChinaBMW counters Tesla offensive in China with new EV plant
Rise of electrics squeeze luxury carmaker in its most important market
An electric-powered BMW iX xDrive 50 at the Auto Zurich Car Show. Luxury car brands have fallen behind Tesla and Chinese players on electric vehicles. © Reuters
SHIN WATANABE, Nikkei staff writer
SHENYANG, China -- Gray walls stretch into the distance about an hour's drive from the center of Shenyang in northeast China. Behind the barriers is Plant Lydia, a 15 billion yuan ($2.24 billion) factory built by BMW Brilliance, a joint venture between BMW and Brilliance China Automotive Holdings.