Tesla China is off to a great start this year, with data from the China Passenger Car Association (CPCA) showing that its wholesale figures in January 2022 reached 59,845 vehicles, a 286.5 percent jump compared to its numbers during the same period the year before.
BMW will take majority control of the BMW-Brilliance Auto Group Joint Venture in China after securing the necessary license from the Beijing government. The German automaker will pay $4.2 billion (€3.7 billion at current exchange rates) to take a controlling share.