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BMW CEO expects China to
clarify electric car policy in next weeks
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[March 21, 2017]
MUNICH (Reuters) - BMW
Chief Executive Harald Krueger said he expected Chinese
authorities to soon clarify the size of a proposed quota
for electric cars as the German carmaker overhauls its
production system to make more zero-emission vehicles. |
Harald Krueger, Chief Executive of German luxury
carmaker BMW with a BMW 530e iPerformance before the
company's annual news conference in Munich, southern
Germany, March 21, 2017. REUTERS/Michael Dalder |
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"The
rules have not yet been finalised. We will react accordingly. We
expect clarity in the next weeks rather than months," Krueger
told journalists at the company's annual results news conference
on Tuesday.
China has been discussing introducing a quota of having new
energy vehicles (NEV) make up 8 percent of sales, which has been
met with stiff resistance from auto makers.
Separately, Krueger said he had constructive discussions with
U.S. President Donald Trump in which he explained the importance
of free trade so that the U.S. BMW factory in Spartanburg could
still export 70 percent of its cars.
(Reporting by Edward Taylor; Editing by Maria Sheahan)
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