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  Brilliance China V7, a car that even BMW can't save.

  Brilliance China, as a domestic independent brand, has attracted the attention of many consumers because of its cooperative relationship with BMW, and because of its cooperative relationship with BMW, brilliance China has developed much faster than in the phenomenon. However, with the development of independent brands such as BYD, Geely and Great Wall, brilliance China's position has also been impacted. In order to save the situation, brilliance China has also launched several models with extraordinary strength, but failed to achieve the desired results after listing. In August this year, brilliance China launched a blockbuster model-China V7 sports model, with a 1.8T engine with unique BMW core technology, with a guide price of 12.49.

  Brilliance China V7 2019-11-17
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  Brilliance China independently became marginalized, leaving only two models on sale.

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  Brilliance China 2019-12-14
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  Brilliance China V9 spy photo released, will become the brand's flagship SUV

  Overseas media released a set of high-definition spy photos showing brilliance's flagship SUVV9 conducting road tests in Spain, which is higher in size and power than the current brilliance V7 model, and is built on the M8X platform developed in cooperation with BMW, which can extend cars and MPV as well as new energy models. From the spy photos of the model, we can see that the size of the model is close to that of the X5 and other large luxury SUV, and the side of the body is burly and powerful. It is expected that the model has a 7-seat layout, and the model also has the function of welcome pedal from the side. The test model uses multiple wheels and uses a double-outlet exhaust design.

  Release brilliance under 2019-04-29
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  The established car company began to sell cars directly, selling national five models at a 50% discount.

  On November 20, the Shenyang Intermediate people's Court ruled on the 20th to accept the creditor's application for the reorganization of brilliance Automobile Group Holdings Co., Ltd., which also means that the independent car company has officially entered the bankruptcy reorganization process. Brilliance Automobile Group, which was declared bankrupt and reorganized because of debt problems, has become an independent car manufacturing company that has embarked on the road of restructuring because of poor management. so what has brilliance done in recent days after declaring bankruptcy and restructuring? November 25, "China Business" media site visit found that brilliance car manufacturers have begun to sell cars directly. From the relevant pictures, we can see that Shenyang brilliance Golden Cup Automobile sales Co., Ltd. stands at the door.

  Brilliance car 2020-11-26
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  Brilliance China will also have a holiday, and the employees will be "off by rotation" or until the end of the year.

  In the context of the epidemic and the continuous decline of the car market, a number of car companies have operational difficulties. Recently, some media posted on the Internet the "notice document of brilliance Chinese staff on holiday rotation", which shows that, except for middle-level and above leaders, the rest of brilliance Chinese employees will have a "long vacation" and "take turns going to work" may continue until the end of the year. I was surprised by brilliance's move. In fact, as early as July this year, there were media reports that brilliance China has implemented the system of "working by turns" since July. Employees who rest at home in rotation are paid according to the Shenyang minimum wage, and this brilliance China again.

  BMW brilliance 2020-08-01
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  A number of models "stop production", BMW took a 25% stake in brilliance, what is left?

  For a long time, brilliance China's profits mainly rely on the joint venture brilliance BMW, and in January this year, brilliance shareholders' special meeting approved the sale of 25% stake in brilliance BMW to BMW. This also means that BMW will seize half of brilliance's profits in the future, and more importantly, brilliance can no longer rely on BMW. In recent years, the performance of brilliance's own brand is even more worrying. Brilliance sold only 89000 cars last year, down 30% from the same period last year, among which many models of Chinese brands have entered a state of "suspension of production". Brilliance went on sale in New York in 1992 with full firepower in the commercial vehicle market, with 1997.

  Cars BMWs 2019-02-13
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  Brilliance Automobile Group is in crisis because of debt problems.

  Brilliance Automobile Group, once a well-known independent car company, is now in trouble because of its huge debt. Brilliance auto funding crisis broke out as a result of failing to repay maturing bonds on schedule. On November 2, the Shanghai Stock Exchange issued a notice giving a written warning to brilliance. According to media reports, the Liaoning provincial government is said to be considering promoting judicial restructuring of brilliance Automobile Group. Brilliance Automobile Group confirmed in an announcement that the 1 billion yuan private bond "17 Huaqi 05" could not be repaid on schedule. Brilliance was supposed to pay 1 billion of the principal of 17 Huaqi 05 before 16:00 on October 21.

  Brilliance car 2020-11-03
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  Brilliance decreased by 16.7% in the first half of the year compared with the same period last year, and can only rely on BMW to make a living.

  Brilliance China released interim results, with revenue of 1.904 billion yuan for the six months ended June 30, 2019, down 16.7% from a year earlier, while profit attributable to shareholders was 3.23 billion yuan, down 9.4% from a year earlier. The decline in earnings was mainly due to a decline in sales of light passenger cars and multi-purpose vehicles (MPV) during the period, as well as a decline in auto parts sales, the announcement said. In addition, the decrease in profit was mainly due to the slowdown in demand for internal combustion engines and the decrease in profits contributed by Shenyang Aerospace Mitsubishi Automobile engine Manufacturing Co., Ltd. The impact of product mix, market competition and the implementation of a number of new regulations in the first half of the year.

  Brilliance 2019-08-24
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  Three pre-sale and thirteen new cars go on sale this week

  A number of new cars have started pre-sale in China this week, and a number of new cars with annual changes are about to appear on the market. Next, let's take a look at which new cars appear in the eyes of consumers this week. Beijing Zhida X3 starts pre-sale on July 4, Beijing Zhida X3 officially starts pre-sale, with a price range of 5.99-99900 yuan. As the third model of the Beijing Automobile "Zhi" series, the Beijing Zhida X3 can be regarded as a modified model of the Saab X35, which adopts the latest family-style design and is more dynamic and stylish as a whole. In terms of power, there are two types of 1.5T/1.5L engines.

  Pre-sale new car listing new car listing 2019-07-07
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  The Shanghai auto show changed dramatically: the rear car company left the scene sadly, and the upstart car maker made a high-profile appearance.

  Tomorrow, the biennial Shanghai International Auto Show will open grandly. As the first Class An auto show to open in 2021, the Shanghai Auto Show undertakes an important signal for all major car companies to launch an offensive in the second half of the year. Both independent car companies and joint venture car companies have brought many heavyweight models, which will debut or appear on the market at the auto show. In a sense, it has proved the popularity of the Shanghai auto show, and has also become an important marketing method that can not be missed by major auto companies. At present, the domestic A-class auto shows are mainly Shanghai Auto Show, Beijing Auto Show, Chengdu Auto Show and Guangzhou Auto Show, among which Shanghai Auto Show and Beijing Auto Show are held every April.

  Shanghai Auto Show 2021-04-18
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  Brilliance China will be privatized? Brilliance Group refutes rumors

  On September 24, in response to the rumor that "Liaoning Exchange is considering taking the lead in privatizing brilliance China", brilliance Group holding Co., Ltd. (hereinafter referred to as "brilliance Group") responded: "We have not received any relevant information. Do not be misled by false information." Earlier, there were media reports that Liaoning Transportation Construction Investment Group would take the lead in privatizing brilliance China, which could start as early as the fourth quarter of this year. Brilliance China rose sharply in the Hong Kong stock market on the news, closing up 4.86% to HK $7.34. According to brilliance China Disclosure notice, May 27, brilliance Group to Liaoning Province traffic construction.

  Brilliance China 2020-09-24
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  The documents are made public! BMW China wholly acquires brilliance China Factory

  On October 20, the website of the Anti-monopoly Bureau of the State Administration of Market Supervision announced the case of BMW (China) Investment Co., Ltd. acquiring a stake in brilliance Automobile Manufacturing Co., Ltd. According to the documents, brilliance Automobile Group Holdings Limited ("brilliance Group") currently holds a 100% stake in brilliance Automobile Manufacturing Co., Ltd. ("brilliance Manufacturing"), thus controlling brilliance Manufacturing alone. BMW (China) Investment Co., Ltd. ("BMW China") has signed an equity sale and purchase agreement with brilliance Group to acquire the entire stake in brilliance Manufacturing. After the proposed deal, BMW China will control brilliance separately. Data show that BMW China was founded in 2019.

  Brilliance BMW brilliance China 2021-10-20
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  Brilliance lost control of BMW, brilliance's profit in China fell by 40%

  On March 29, brilliance China Automotive Holdings Limited (hereinafter referred to as "brilliance China") released its annual financial report for the year ended December 31, 2022. According to the financial report, brilliance China's comprehensive income in 2022 was 1.131 billion yuan, down 47.2% from the same period last year, and the profit attributable to shareholders was 7.147 billion yuan.

  Brilliance Automobile BMW Group Company brilliance Group China Limited Co. Ltd. Enterprise Holdings claims Scheme Investment creditors 2023-03-31
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  Brilliance China is gone!

  According to Caijing Automobile, on August 31, the substantive merger and reorganization of 12 enterprises, including brilliance Group, held its second creditors' meeting, at which there were three motions, including property management and price change plans, two proposals for the establishment of a creditor committee, and the core proposal for BMW China to acquire brilliance China Brand. All three bills were passed by the vote of the creditors. According to reports, BMW China will acquire brilliance-related assets and brilliance manufacturing equity, including land use rights, buildings, machinery and equipment and other related assets, as well as brilliance Group's 100% stake in brilliance Automobile Manufacturing Co., Ltd.

  Brilliance car 2021-09-01
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  FAW Group plans to buy brilliance for $7.2 billion? Brilliance China responds

  There has been no substantial progress since brilliance was ruled by the court to go bankrupt and reorganized. FAW is considering buying BMW's main Chinese partner brilliance China Automotive Holdings Co., Ltd., with a total deal likely to reach $7.2 billion (46.7 billion yuan), media sources reported on Feb. 3. According to the source, according to the plan currently under discussion, FAW will first acquire 30.43% of brilliance's shares and 11.89% of the shares of the state-controlled Liaoning Provincial Transportation Investment Group. FAW will then make a mandatory offer for the remaining shares of brilliance. At the same time.

  Brilliance Group FAW Group 2021-02-03
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  New progress in the reorganization of brilliance Group!

  On May 31, brilliance China announced that the company had been informed by brilliance Manager that Shenyang Automobile Co., Ltd. had been selected by the brilliance Group restructuring Investor selection and Review Committee as a potential investor in brilliance restructuring, and that brilliance restructuring plan was still being worked out, pending approval from brilliance creditors' meeting and Shenyang Intermediate people's Court. Capital

  Brilliance Company BMW Group Automobile Limited Co. Ltd. brilliance Group Shenyang Enterprise holding people China Management people's Court 2023-06-01
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  With a debt of 70 billion, brilliance China resumed trading on the first day and fell by 60%.

  A year and a half later, brilliance China finally resumed trading. However, under the influence of adverse factors such as the bankruptcy of the parent company, brilliance's share price fell more than 70% after the resumption of trading in China. As of the close of the day, brilliance China fell 63.01% to HK $2.70, with a total market capitalization of HK $13.622 billion. Actually

  Brilliance BMW Group China brilliance Group Company Renault claims BMW Group resumption of Trading Revenue Court growth Management profit 2022-10-05
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  The purchase price is too low! BMW's purchase of brilliance China factory may be stopped

  According to a number of media reports, brilliance may reject the acquisition of BMW because the 1.633 billion yuan purchase price offered by BMW is too low. According to brilliance insiders, "the acquisition of the Chinese factory by BMW has been stopped, and the relevant BMW staff in the Chinese workshop have been withdrawn." According to the above-mentioned person, the relevant leaders of FAW are meeting with the executives of brilliance Group recently, and the group thinks that the price for BMW's 1.633 billion yuan purchase of the China Automobile plant is too cheap, so it does not agree. In response to the above news, BMW Chinese officials said: "the project continues to receive support from all parties, and we are currently in progress as planned."

  BMW brilliance China 2021-11-26
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  Shenyang municipal government buys 30% stake in brilliance? Official response

  On April 24, brilliance China announced that the Shenyang Municipal Government had recently announced that the Shenyang Municipal Government might hold about 30.43% of the issued share capital of the company through its wholly-owned subsidiary Liaoning Xinrui Automobile Industry Development Co., Ltd., the controlling shareholder of brilliance Automobile Group Holdings Limited.

  Brilliance Company Automotive BMW China Limited Co. Ltd. Group holding BMW Group Equity Shenyang Enterprise Finance Manufacturing 2023-04-25
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  Brilliance China Board Chairman detained for investigation

  On August 8, brilliance China Automotive Holdings Limited (hereinafter referred to as "brilliance China") issued a notice that Hong Kong ICAC personnel visited the company's main business place in Hong Kong on August 3 to execute a search warrant. on the same day, Wu Xiaoan, executive director and chairman of the board of directors, was detained by the ICAC for investigation, suspected of violating the laws of Hong Kong.

  Brilliance Group Automobile Company Shenyang brilliance Group BMW Director China Enterprise Holdings Co. Ltd. Shenyang member 2023-08-08