BMW to export 5-Series from China

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BMW currently makes three cars in China, the 3-Series, 5-series and of course the recently introduced X1 SUV which was shown off at this weeks Guangzhou Auto Show. During an interview with the Chinese newspaper, International Business Daily at the Guangzhou Auto Show, BMW’s president and Group CEO of BMW Group China revealed that BMW would aim to export its Chinese made 5-series sedan overseas in the coming months.

BMW’s 5-series has proven to be a succesfull model in the Chinese market, the latest model was introduced in August 2010 and has quickly become one of the more popular mid size luxury sedans on the market in China, the 5-series sedan is currently produced by Brilliance-BMW a joint venture company based in Shenyang, China. The 5-Series GT is imported into China and sold at higher premium than the locally produced 5-series.

BMW have not yet announced where the 5-series will be exported to, but likely markets would be neighbouring South Eastern nations where demand for BMW’s is growing. BMW China sales surpassed 100,000 units for the locally made 3 and 5 series, yearly sales figures are expected to be some 15-20% higher than 2010′s figures which reached 169,000 for all BMW vehicles sold in China.

At the Guangzhou Auto Show BMW introduce three new vehicles including the new M5 which will sell for a cool 1.85 million RMB, 5-series touring priced at 666,000rmb and the locally made X1 which features a 2.0L 4 cylinder turbo engine, however prices for the X1 have not yet been announced but prices around 300,000rmb for the base model are being guessed at by Chinese press.