BMW is considering increasing its planned investments in China, according to local reports citing a company executive, despite the sharp decline in the country's vehicle market due to the COVID19 coronavirus.
The CEO of BMW group region China, Jochen Goller, in a conference call last week said "all the investments we are already committed to in China will go ahead and we are actually discussing adding to these investments in the future".
Goller said China would remain BMW's most important market worldwide and it was optimistic about the mid-and long-term prospects of the vehicle market there, despite the recent disruption to vehicle sales and production caused by the coronavirus epidemic.
"The impact on the industry is likely to linger throughout the first half of the year," he added.
Goller confirmed BMW resumed operations at its offices and plants in China on 17 February and around 85% of its dealer network was now up and running.
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