Shanghai August 24th, 2017 Gasgoo-Official news from Brilliance Auto shows that Brilliance Auto Group signed a strategic agreement with SPD bank concerning RMB 18b in Shanghai on August 22nd.
Brilliance Auto Group believes that the long-term cooperative relationship with SPD bank will help both sides to begin great-leap-forward developments by promoting the two sides to make full use of their own industrial advantages and resources to achieve good economic benefits. It’s known that Brilliance has achieved good results by making use of the integration of industry and finance, as well as increasing capital operation in the past time.
Data shows that Brilliance Auto shares have obtained earnings of exceeding RMB 15b in the past “12th-five” period, providing solid financial support for its own self-independent brand’s developments.
Brilliance Auto Group makes a new plan surrounding brand, technologies and scale economy in the “13th-five” period. It will lift the competitive power and brand power of its own self-independent products by launching brand innovation.
In the meantime, it will also try to achieve upgrades in low-carbon economy, intelligentization and informatization by conducting in-depth cooperation with BMW. It tries to achieve the annual sales and production volume of 1.5m units and 1.6m units for vehicles and engines respectively by the end of “13th-five” period, with annual revenue exceeding RMB 300b and profit exceeding RMB 50b.
