BMW Group said Friday it is talking with China's biggest SUV maker about a possible partnership to produce electric versions of its MINI as automakers ramp up electric development under pressure from Beijing to meet sales quotas.
BMW said it signed a letter of intent with Great Wall Motors Co., headquartered in Baoding, southwest of Beijing, and needs to work out a cooperation agreement and investment details.
Auto brands face pressure to meet quotas that require electric vehicles to make up at least 10 percent of sales starting next year. Later, they face pressure to raise that to meet increasingly demanding fuel efficiency standards.
Beijing is using access to its...