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BMW will return to growth in China with new all-electric series, CFO says
- BMW is confident it can return to growth in China with the all-electric Neue Klasse series, according to Chief Financial Officer Walter Mertl.
- Mertl stated that the Neue Klasse iX3 electric sport utility vehicle will launch in China by summer 2026.
- The company expects a boost in profitability due to new batteries, which are 40% to 50% cheaper than current models, according to Mertl.
- BMW plans to achieve an automotive EBIT margin of 5% to 7% in 2025 and hopes to raise it to 8% to 10% in the future, as mentioned by Mertl.
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BMW will return to growth in China with new all-electric series, CFO says
BMW is confident it can return to growth in its largest market China with the all-electric Neue Klasse series, a major overhaul of the company's portfolio that was kick-started this week with the launch of its first model.
·United Kingdom
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Coverage Details
Total News Sources9
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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