BMW Group completed the acquisition of additional 25% stake in BMW Brilliance Automotive, a joint venture for production of BMW vehicles from Brilliance China Automotive, an automobile manufacturer. Financial terms were not disclosed. “Our local investments are proving to be the right approach. BBA has significantly contributed to position the BMW brand as a leading premium brand in China. In the past decade alone, BBA has invested more than 10 billion euros in China. Our extended joint venture contract lays the foundation for further mutual growth and progressive development in the future. It therefore paves the way for balanced development in the three main regions of the world, as we have done in the past," Nicolas Peter, BMW Member of the Management Board.