Borgward BXi5 and BXi6 electrics approved:
Yes.So Ucar bought the Chinese factory and the management company has now become a subsidiary. Do I understand that correctly?
I think you are more or less right. There hasn't been much news on the European side of the business in 2019. Last year Borgward was supposed to have been launched in Luxembourg. Apart from owning some IP, perhaps the German company will liaise with the independent sales channels in each [European] territory, also handle the Middle East distributorships? Work on software, user experience and connectivity suites? Perhaps some Borgward cars will make it to fleets and ride-sharing companies in Europe, following the business principles of Shenzhou.Furthermore, Foton remains the sole owner of the Borgward Group in Germany. But what is really left there? The Bremen factory was cancelled earlier this year, so I assume there is some R&D and maybe the trademarks and naming rights. Will it become just the importer of Ucar-Borgwards?