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it home reported on september 16 that according to a report by dongchedi, bmw issued a letter of termination with ga group on september 12. bmw said that ga groupdue to poor management of the dealer, the capital chain was broken, the certificate could not be redeemed to the customer, and the payment to bmw and its affiliated companies was overdue.after review by bmw management, it was decided to terminate the dealer agreement with ga group, effective september 20.

it home learned that german automobile private ltd. and beijing zhongbao excellence international trade co., ltd. (hereinafter referred to as "ga group") own 9 bmw 4s stores, 2 bmw quick repair stores, and 1 city showroom. on january 1, 2024, they signed the "bmw brand dealer agreement" and other related agreements and supplementary terms (hereinafter collectively referred to as "dealer agreement") with bmw brilliance automotive co., ltd. and bmw (china) automobile trading co., ltd. (hereinafter collectively referred to as "bmw") respectively.

at the same time, ga group also owns 5 mini showrooms, and signed the mini brand agency agreement and mini brand service agreement with bmw (china) automobile trading co., ltd. on january 1, 2023. based on the provisions of article 12.5 (xv) of the mini brand agency agreement and article 11.4 of the mini brand service agreement, all mini brand agency agreements and mini brand service agreements will also be terminated on the termination date.

previously, some consumers reported that after purchasing a car from xiamen zhongbao automobile co., ltd., the 4s store failed to deliver the vehicle in a timely manner, delayed delivery and failed to fulfill compensation, and some vehicle certificates were mortgaged.