Brilliance - 49.5%
||Brilliance, Zhonghua (cars), Jinbei (minivan), Granse
center and main assembly plants: Shenyang
||2015: 856,000 units (Zhonghua: ? units; BMW: 287,000 units)
2014: 802,000 units (Zhonghua: 141,200 units; BMW: 278,529 units)
2013: 777,000 units (Zhonghua: 182,000 units; BMW: 206,729 units)
2012: 671,617 units (Zhonghua: 152,000 units; BMW: 160,849 units)
2011: 567,000 units (Zhonghua: 134,000 units; BMW: 108,189 units)
2010: 501,400 units (Zhonghua: 159,709 units; BMW: 70,488 units)
2009: 348,000 units (Zhonghua: 119,138 units; BMW: 44,888 units)
2008: 285,242 units (Zhonghua: 91,356 units; BMW: 35,068 units)
2007: 300,369 units (Zhonghua: 106,770 units; BMW: 32,100 units)
2006: 200,066 units (Zhonghua: 62,281 units; BMW: 26,600 units)
2015 domestic sales by model:
BMW 3-series: 98,600 units
BMW 5-series: 147,200 units
BMW X1: 41,200 units
Zhonghua H220/230: 7,488 units
Zhonghua H330: 40,828 units
Zhonghua H530: 2,916 units
Zhonghua V5: 36,391 units
Zhonghua Junjie FRV/FSV: 5,469 units
Zhonghua V3: 75,293 units
Zhonghua V5: 28,505 units
Brilliance BMW: http://www.brillianceauto.com/investor/annual.html
|Introduction||Billiance Auto is a holding company whose main asset is
majority stakes in Shenyang Automotive, which produces the cars and
minivans described here. Being a small Chinese car maker, it offers a
simple lineup consisting of a few passenger car and commercial minivan
models. The passenger cars are sold under the "Zhonghua" brand, which
means Chinese. Zhonghua cars were the first mass production Chinese car
having its own intellectual property rights. The minivans are sold
under "Jinbei" or "Granse" brand, either are badge-engineered version
of Toyota models made under license. Besides, Brilliance also has a
joint-venture with BMW to produce 3 and 5-series for the China market.
||Brilliance was established in 1992 through acquiring
majority stakes in Shenyang Automotive. Shenyang did not have a long
history either. Its main business was producing Toyota Hiace minivan
under license and rebranded it as "Jinbei" (means golden cup). However,
to grow its business and survive the consolidation of local motor
industry, Brilliance determined to develop its own passenger car, which
would be called "Zhonghua", or Chinese.
The first Zhonghua car was a mid-size sedan designed by Italdesign and powered by Mitsubishi-licensed engines. Born in 2002, it was the first mass production Chinese car having its own intellectual property rights. At that moment, other Chinese car manufacturers were still satisfied with building foreign cars through joint-ventures. Brillance also formed a joint-venture with BMW to produce 5-series for the domestic market. That venture helped it to get the latest production technology from Germany.
Zhonghua sedan (2002)
However, the path for self-developed cars was proved more difficult than originally thought. Zhonghua sedan could not match its locally-built foreign competitors for build quality, performance and refinement. While it was extensively used as taxis and government cars, it failed to capture decent sales in private car market. 3 years later, it was improved and splitted into two models, the classier Zunchi (BS6) and the affordable Junjie (BS4). Sales improved a little. In late 2006, Brilliance exported 3,000 units of BS6 to Western Europe, the first time a Chinese car achieved that.
Kubao (BC3) (2007)
In 2007, they were joined with the Pininfarina-designed Kubao coupe (BC3). Its chassis was again engineered by Porsche, while a new 1.8 turbo engine was developed by German engineering firm FEV. Unfortunately, the coupe did not sale well.
Junjie FRV (BS2) (2008)
In 2008, Brilliance' lineup expanded to the C-segment with Junjie FRV (Family Recreational Vehicle), actually a family hatchback in our language. This time designed by Italdesign, chassis engineered by Lotus and powered by Mitsubishi powertrain. Brilliance hoped the car could lift its business to another league, otherwise itself could be a target of merger.