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Spotlight Automotive
Spotlight Automotive Ltd. () is a joint venture between BMW Group and Great Wall Motor (GWM) founded in 2018 to develop and produce Mini The Mini is a small, two-door, four-seat car, developed as ADO15, and produced by the British Motor Corporation (BMC) and its successors, from 1959 through 2000. Minus a brief hiatus, original Minis were built for four decades and sold during ...-branded battery electric vehicles in China. History In November 2019, following an agreement in 2018, BMW and GWM established Spotlight Automotive. Its manufacturing plant in Zhangjiagang, Jiangsu was constructed between 2020 and 2022. Its first mass-produced vehicle, a Mini Cooper SE (J01) rolled off from the plant on 14 October 2023. Products * Mini Cooper E/SE (J01) (2023–present), subcompact hatchback, BEV * Mini Aceman (J05) (2024–present), subcompact SUV, BEV File:Mini Hatch (J01) Ditzingen Mobil IMG 9772 (cropped).jpg, Mini Cooper SE (J01) File:Mini Aceman DSC 7114.jpg, M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automotive Industry
The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. The word ''automotive'' comes from the Greek ''autos'' (self), and Latin ''motivus'' (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Sperry (1860-1930), first came into use with reference to automobiles in 1898. History The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automobiles
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Wall Motor
Great Wall Motor Co., Ltd. (GWM) is a Chinese privately owned automobile manufacturer headquartered in Baoding, Hebei. Founded in 1984, it is currently the eighth largest automobile manufacturer in China, with 1.281 million sales in 2021. The company produces and sells vehicles under its own branding, such as GWM, Haval, WEY, TANK, POER, ORA. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as ORA. Named after the Great Wall of China, the company is China's largest producer of sport-utility vehicles (SUVs) and pick-up trucks. In 2021, it was the third largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share, selling under brand names such as Ora and Haval. History Established in 1984, Great Wall began with low volume production trucks such as the CC130. They later made the CC513, using the chassis from the Beijing BJ212. In 1993, they started producing a series of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mini (marque)
Mini (stylised as MINI) is a British automotive marque founded in 1969, owned by German automotive company BMW since 2000, and used by them for a range of small cars assembled in the United Kingdom, Austria and the Netherlands. The word Mini has been used in car model names since 1959, and in 1969 it became a marque in its own right when the name "Mini" replaced the separate "Austin Mini" and "Morris Mini" car model names.Michael Sedgwick & Mark Gillies, A-Z of Cars 1945–1970, 1986 BMW acquired the marque in 1994 when it bought Rover Group (formerly British Leyland), which owned Mini, among other brands. The original Mini was a line of British small cars manufactured by the British Motor Corporation (BMC), which in 1966 became part of British Motor Holdings. This merged with Leyland Motors in 1968 to form British Leyland. In the 1980s, British Leyland was broken-up and in 1988 Rover Group, including Mini, was acquired by British Aerospace. Mini models included the M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mini Hatch
The Mini Hatch, stylised as MINI Hatch (or MINI Hardtop in the U.S.), also sold as Mini Cooper, Mini One, or simply called the (BMW) Mini, are a family of retro-styled two-door supermini hatchback and convertible; and (from 2014) a longer, subcompact 4/5-door hatchback. They were introduced in early 2000 by German automaker BMW under the 'Mini' brand. The second generation was launched in 2006 and the third, adding a longer 4/5-door hatchback, in 2014. A two-door convertible version was added in 2004, followed by its second generation in 2008. BMW unveiled their Mini hatch concept at the 1997 Frankfurt International Motor Show, when the Mini marque was still part of the Rover Group, owned by BMW. The styling of the concept-car, intended to replace the original Mini, was well received by the public and further developed. The new Mini (Hatch) was launched by BMW in 2001, one year after their sale of the Rover Group in March 2000, and the classic Mini's discontinuatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mini Aceman
The Mini Aceman is a battery electric subcompact crossover SUV (B-segment) produced by German automobile manufacturer BMW and sold under the Mini marque. It is the brand's smallest SUV, and its second electric SUV after the Mini Countryman SE. Similar to the related J01 Mini Cooper electric, the Aceman was developed and produced by Spotlight Automotive, a joint venture between BMW Group and Great Wall Motor, at a manufacturing plant in Zhangjiagang, Jiangsu, China. Concept The Mini Aceman was revealed as concept car on 26 July 2022, previewing a new design language for the Mini brand. File:Mini Aceman Concept 001.jpg, Mini Aceman Concept File:Mini Aceman Concept 002.jpg, Rear view The Aceman will replace the Clubman which is rumored for planned discontinuation at the end of the current generation's cycle. The Aceman will be position under the larger compact-class Countryman SUV. In August 2022 at the Gamescom video games convention in Cologne, Germany, Mini showcase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Ventures
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Wall Motors
Great Wall Motor Co., Ltd. (GWM) is a Chinese privately owned automobile manufacturer headquartered in Baoding, Hebei. Founded in 1984, it is currently the eighth largest automobile manufacturer in China, with 1.281 million sales in 2021. The company produces and sells vehicles under its own branding, such as GWM, Haval, WEY, TANK, POER, ORA. It also produces electric vehicles under some of the previously listed brandings, including dedicated EV brands such as ORA. Named after the Great Wall of China, the company is China's largest producer of sport-utility vehicles (SUVs) and pick-up trucks. In 2021, it was the third largest Chinese plug-in electric vehicle manufacturer in the Chinese market, with 4% of market share, selling under brand names such as Ora and Haval. History Established in 1984, Great Wall began with low volume production trucks such as the CC130. They later made the CC513, using the chassis from the Beijing BJ212. In 1993, they started producing a series of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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