BEIJING (AP) — BMW Group says it is talking with a Chinese automaker about a possible partnership to produce electric versions of its MINI cars for the world's biggest auto market.
BMW's announcement Friday adds to increasing competition in China's market for electrics as global automakers spend billions of dollars into developing models to meet official sales quotas.
BMW said it signed a letter of intent with Great Wall Motor Co. and needs to work out a cooperation agreement and investment details.
General Motors Co., Volkswagen AG, Nissan Motor Co. and other automakers also have announced plans with local partners to produce dozens of electric models for China.