value chain: For us, China's not simply a large-scale consumer market, but also an important source of innovation as well as a major element of the industrial value chain, said Jochen Goller, president & CEO of BMW Group Region China, during a special session of the China Development Forum which concluded Saturday in Beijing, according to Global Times China. In the first seven months of this year, BMW saw car sales up 16.6 percent year-on-year to some 404,000 units in the highly-competitive Chinese market. A group of corporate giants' leaders gathered in Beijing over the weekend to discuss business prospects and voice their confidence in China for its position as an irreplaceable market and beyond. This strong performance is reinforcing our confidence to further grow with China, and as a result, BMW is taking decisive actions to significantly increase our investment as well as enlarge our footprint, Goller said. Our commitment is constantly evolving, from Production in China to Create in China, Goller said. The moves include fully upgrading research and development bases in China and enhancing cooperation with local enterprises such as China Unicom and Tencent in autonomous, connected, electrified and shared areas to better embrace the global auto industry's major transformation, he said.
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