Mr.Gao Yong, President of LONCIN addressed at the meeting
Mr.Stephen Challer, President of BMW addressed at the meeting
Signing Ceremony
On March 12, 2015, LONCIN Motor Co., Ltd(hereinafter referred to as Loncin) and the German BMW (hereinafter referred to as BMW) signed a new agreement. According to this new agreement, Loncin will undertake the manufacturing of 350CC large displacement water-cooled scooters and the engines for BMW. The product will be made completely in accordance with BMW's standard and Euro IV requirement as well. It will be sold in BMW's global markets(including China market) and the expected annual output is around 15,000 units.
To meet the product's high quality requirement, Loncin will invest about one hundred million RMB to upgrade all the equipment and facilities related to the manufacturing process of the scooter to the world's first class standard. And then the product will gain advantage in aspects of quality, cost and assembling time.
The signing of the new agreement marks the deepening cooperation between Loncin and BMW. Loncin realizes from just big replacement engine manufacturing to vehicle assembly for BMW, and this will further consolidate Loncin's advantage in the motorcycle field.
LONCIN Motor Co., Ltd and BMW's cooperation also shows that Chinese large displacement motorcycle manufacturing capacity has reached the world advanced level, and Chinese motorcycle manufactures are on the progress of "from big to strong".
