BMW counters Tesla offensive in China with new EV plant

Rise of electrics squeeze luxury carmaker in its most important market

20220623N BMW

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.

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