China Automotive Company Ltd. (C.A.C.) is a wholly owned subsidiary of Brilliance (Huachen) China Automotive Holding Ltd. (C.B.A.), established in 1992 and incorporated in Bermuda. C.A.C. sold its rights to a limousine and a minivan project to Shenyang Jinbei Automotive Corp. Ltd., that is 51 % owned by China Brilliance.
The new sedan division is costing Brilliance USD 500 million. Under a Technical Assistance Agreement with BMW AG, BMW will provide engineering consulting services to the production of the Zhonghua sedan. A team of engineers from BMW was stationed in Shenyang Automotive's facilities to assist in the start-up of the production processes.
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