but the Group provides guarantee to some debt of that company. In 2013, Brilliance Auto formed a spin-off, Xinchen China Power Holdings Limited. In 2017, Brilliance Auto also formed another joint venture Renault Brilliance Jinbei with Renault. The Brilliance Auto acquired the remaining 39.1% stake of Brilliance Jinbei from sister company Shenyang Jinbei Automotive, and then Brilliance Auto re-sold 49% stake to Renault. In October 2018, BMW Brilliance, a 50:50 joint venture between BMW and Brilliance, was taken over by BMW by acquiring an additional 25% of available shares. In November 2020, Brilliance Auto Group went into bankruptcy administration, and announced the default of corporate bonds worth more than CNY6.5 billion. The bankruptcy administration is not affecting subsidiaries Brilliance Auto, Xinchen China Power, Shenhua Holdings, Shenyang Jinbei Automotive, or any of the joint ventures operated by the organization. Products Brilliance Auto Group and its subsidiaries sell passenger cars under the Brilliance marque Brilliance products (produced under Brilliance Motor) Latest products Brilliance H220 / H230 Brilliance H320 / H330 Brilliance H3 Brilliance V3 Brilliance V6 Brilliance V7 Earlier discontinued models Brilliance Tun (Dolphin) Brilliance BS2 Brilliance FRV Brilliance FRV Cross Brilliance FSV Brilliance H530 Brilliance M1 (Zunchi) Brilliance M2 (Junjie) Brilliance M3 (Kubao) Brilliance V5 Huasong Huasong 7 Joint ventures and alliances BMW Brilliance In 2003, BMW and Brilliance agreed to make select products of this German luxury carmaker in China. As of 2010, the joint venture makes the BMW 3 Series and BMW 5 Series and had plans to introduce the BMW X1 by 2012. As of 2011, locally produced engines were slated to appear in some offerings soon, and the company had plans to bring up total production capacity to 300,000 by 2013. These vehicles may differ slightly from those sold in other markets under the same names. As of mid-2010 almost 60% of the components used to manufacture the China-built BMWs were imported to China. Brilliance Shineray Brilliance Shineray is a joint venture between Brilliance Auto Group and Shineray Motorcycle Company (Shineray Group), one of China's largest motorcycle producers. Shineray Group bought the Italian motorcycle brand, SWM (motorcycles), and started an automotive brand with the SWM nameplate. SWM now makes a range of crossovers and compact MPVs. Key models include: SWM G01 SWM X7 SWM X3 Renault Brilliance Jinbei (Jinbei) Formerly a wholly-owned subsidiary (Shenyang Brilliance Jinbei Automotive) which sold licensed Toyota and General Motors designs, Jinbei was