BBA’s Shenyang production base is the largest in the BMW Group global production network. It currently manufactures the BMW 1 Series Sedan, BMW 3 Series (long wheelbase and standard wheelbase), BMW 5 Series long wheelbase (and plug-in hybrid variant), BMW X1 long wheelbase (and plug-in hybrid variant) BMW X2, BMW X3 and the all-electric BMW iX3, which is the first BBA model to be exported to the world market. In 2020, more than 600,000 BMW vehicles were produced across BBA’s two vehicle plants – Plant Dadong and Plant Tiexi. The Tiexi location is also home to an R&D Center and Powertrain Plant. The Powertrain Plant produces BMW Group’s latest generation of 3 and 4 cylinder engines and latest Gen 5 high-voltage batteries. BBA applies leading-edge manufacturing technologies and processes to produce high-quality premium products in the most efficient, flexible and sustainable way, and it continues to develop its capabilities together with its partners. In 2019, BBA became the first automobile manufacturer in the world to enable full 5G wireless coverage at all its plants. With 5G, BBA is testing numerous digital innovations that have the potential to further increase efficiency, quality and sustainability in production. In the coming years, BBA will further expand its production footprint in Shenyang through significant investment in new and existing plant structures. Construction projects include major expansions of the Dadong and Tiexi plants and an extension of the R&D Center with new testing infrastructure.
As BBA continues to grow, it does so with the aspiration to be the leading sustainable provider of premium individual mobility across the entire value chain of China’s automotive industry. By integrating sustainable practices throughout its operations and cascading these practices to its suppliers, BBA is actively lowering CO2 emissions, reducing waste and promoting sustainable development along the value chain. The joint venture continues to lower its fleet emissions through BMW Group’s Efficient Dynamics strategy and by launching more New Energy Vehicles (NEVs) into the market. It’s growing portfolio of NEVs is underpinned by BMW’s holistic e-mobility ecosystem in China, which ranges from battery and powertrain development through to BMW Charging infrastructure and a comprehensive NEV sales and service network. In 2019, BBA was ranked first in China’s Automotive Enterprise Green Development Index. It uses 100% renewable electricity in its Shenyang production base and retained its National Green Plant status in 2019.
Corporate Social Responsibility (CSR) is an integral part of BBA’s sustainable development strategy. Guided by its philosophy “Going Beyond Sales Performance and Profitability with Social Development at Our Core”, BMW CSR leverages BMW’s core strengths and range of stakeholders to solve real social problems, create shared value and contribute to Chinese society. Since 2007, BMW China Culture Journey has been exercising BMW’s brand influence to preserve and promote Chinese traditional culture and integrate intangible cultural heritage into modern life. Introduced in 2005, BMW Children’s Traffic Safety Education (CTSE) has established 35 CTSE Ambassador Training Bases and an online platform dedicated to children’s road safety in China. BMW Warm Heart Fund (WHF), established in 2008, was the first corporate public welfare fund in China's automotive industry. In 2020, it donated 10 million RMB and established a partnership with the China Education Development Foundation (CEDF). BMW CSR also donated 35 million RMB to support Chinese society’s fight against COVID-19 following the outbreak in early 2020.
Guided by BMW’s customer-centric approach, BBA is dedicated to providing a premium service experience to its customers in China and has a leading reputation for customer satisfaction among premium auto brands. The joint venture is also steadfast in its commitment to supporting and developing the businesses of its dealer partners. At the end of 2020, there were 666 BMW dealer outlets throughout China.
As one of China’s leading premium automotive manufacturers, BBA will continue on its high-quality growth path by expanding its development and production footprint, strengthening its end-to-end value chain, introducing more technology-leading products, and creating value for its stakeholders. BBA and its management team believes that a business is only successful if it creates a sustainable future and makes a positive impact on the world. As a responsible corporate citizen of China, the joint venture is fully committed to developing local talent, creating jobs and supporting the economic prosperity of Shenyang, Liaoning province and Northeast China. It will continue to integrate responsible and sustainable practices throughout its entire value chain, contribute positively to Chinese society and provide its customers with the premium quality products and services that the BMW brand stands for.
|In € million||2020||2019|
|DISCLOSURES RELATING TO THE BALANCE SHEET|
|thereof cash and cash equivalents||5,137||2,937|
|Non-current financial liabilities, provisions and liabilities||1,546||1,358|
|Current financial liabilities, provisions and liabilities||8,217||7,978|
AGGREGATED FINANCIAL INFORMATION
|Provisions and liabilities||9,763||9,336|
|Group’s interest in net assets||3,694||2,646|
|In € million||2020||2019|
|DISCLOSURES RELATING TO THE INCOME STATEMENT|
|Profit/loss before financial result||3,174||2,374|
|Profit/ loss after tax||2,560||1,947|
|thereof from continuing operations||2,560||1,947|
|thereof from discontinued operations||-||-|
|Other comprehensive income||169||-14|
|Total comprehensive income||2,729||1,933|
|Group dividend income1||379||1,284|
1.Including dividends received in the amount of €1,020 million (2019: €643 million).
With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.
In 2019, the BMW Group sold over 2.5 million passenger vehicles and more than 175,000 motorcycles worldwide. The profit before tax in the financial year 2019 was € 7.118 billion on revenues amounting to € 104.210 billion. As of 31 December 2019, the BMW Group had a workforce of 126,016 employees.
The success of the BMW Group has always been based on long-term thinking and responsible action. The company has therefore established ecological and social sustainability throughout the value chain, comprehensive product responsibility and a clear commitment to conserving resources as an integral part of its strategy.
Brilliance Auto Group Holdings Co. Ltd (hereinafter referred to as “Brilliance Auto Group”) is a Chinese automobile manufacturer headquartered in the city of Shenyang. It is a major state-owned enterprise under the administration of the State-owned Assets Supervision and Administration Commission of Liaoning Province. The history of Brilliance Auto Group can be traced back to the state-owned Northeast Highway Administration Automobile Repair and Manufacturing Plant, which was established in 1949. In 1959, the renamed Shenyang Automobile Manufacturing Plant trial produced five “Julong” branded lorries and began a new chapter of vehicle manufacturing in Shenyang.
With 46,000 staff and total assets of over 190 billion RMB, Brilliance Auto Group owns six vehicle manufacturing companies, two engine manufacturing companies and multiple parts manufacturing companies in Liaoning, Sichuan and Chongqing. It has four listed companies (Brilliance China Automotive Holdings Co., Ltd., Shanghai Shenhua Holdings Co., Ltd., Jinbei Automotive Co., Ltd. and Xinchen China Power Holdings Co., Ltd.) and more than 160 wholly-owned, holding and shareholding companies. It has established CKD factories in partner countries as part of China’s Belt and Road Initiative.
Brilliance Auto Group specializes in R&D, manufacturing and sales of automobiles, drivetrains and core parts, as well as the automotive aftermarket business. It is also involved in other industries including auto financing and alternative energy (wind power and other renewable energies). Brilliance Auto Group has two nationally certified enterprise technology centers, a national certified lab and a post-doctoral mobile workstation. It is capable of forward engineering throughout the whole process from complete vehicle styling, vehicle design to engineering development and pilot production and testing of prototype vehicles. The company also designs and develops drivetrains and other core automotive parts independently. It has three wholly-owned local vehicle brands: “Zhonghua”, “Jinbei” and “Huasong”; and two joint venture brands: “BMW Brilliance Automotive” and “Renault Brilliance”. Brilliance Auto Group produces a full range of passenger cars and commercial vehicles.
Brilliance Auto Group is committed to reform, innovation and open cooperation to facilitate its corporate transformation and high-quality development. It is dedicated to becoming an innovative and competitive automobile group with a global reputation.