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BMW sees 5-10% sales growth in China despite tariffs
Reuters | 2018/8/3

FRANKFURT -- BMW expects its China sales to rise between 5 and 10 percent this year, despite the introduction of 40 percent import tariffs on vehicles imported from the United States since July.

BMW recently started building the X3 in China, ending imports of the model from a plant in Spartanburg, S.C., and raised prices on X5 and X6 models to compensate for the tariffs.

"We now have more than six models built in China," BMW CEO Harald Krueger said. "We are exporting the X5 from Thailand to China."

BMW recently hatched plans to significantly boost output in China over the next few years. 

BMW still exports some X5 models from the United States to Asia, but it is reviewing ways to optimize its flexible production network to adapt to changes in the political landscape, the company said.

BMW will also price new modes such as the new X7 SUV in a way that they will be profitable in all markets where they are sold, the company said.

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