+++ Automotive EBIT significantly higher in 2023 +++ EBIT margin of 8-10% forecast for 2024 +++ Capital expenditure to peak in 2024, as planned +++ NEUE KLASSE in the starting blocks: Testing already underway +++ BMW Vision Neue Klasse X highlights broad spectrum: NEUE KLASSE offers customers wide choice of models +++ Over two million electrified vehicles already on roads +++
+++ Zipse: “Implementing strategy consistently and successfully” +++ Group EBT margin of 11.0% for the full year +++ Automotive EBIT margin at 9.8% in 2023 +++ Percentage of BEV deliveries of 15% in 2023, as forecast +++ • EU fleet CO2 emissions at 102.1 g/km (WLTP) ‒ well below 128.5 g/km limit +++ Dividend of € 6.00 per share of common stock proposed +++
+++ Lowest-ever absolute CO2 fleet emissions values for BMW Group in Europe +++ Significantly outperformed EU legal requirements +++ BMW Group on track to meet company-wide CO2 reduction targets by 2030 +++
+++ BMW Group sales reach new all-time high of 2,555,341 units in 2023 (+6.5%) +++ BMW Group BEV sales at 15%, with growth across all sales regions worldwide +++ BMW brand once again tops global premium segment in 2023; electric models see significant growth (+92.2%) +++ Rolls-Royce and Motorrad brands also report new highs +++ Jochen Goller: “Record sales for 2023 show desirability of our strong brands.”
+++ Seven major global automakers – BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, Stellantis NV – will create an unprecedented new charging network joint venture that will significantly expand access to high-powered charging in North America +++ Targeting to install at least 30,000 high-powered charge points in urban and highway locations to ensure customers can charge whenever and wherever they need +++
+++ Pieter Nota: “BMW Group on track for slight sales growth in the full year 2023. Main growth drivers will be fully-electric vehicles and models from the high-end premium segment” +++ BMW Group sells 588,138 units worldwide in Q1 (-1.5%) +++ BMW Group: First-quarter BEV sales climb +83.2% to 64,647 units +++ BMW brand: Sales of fully-electric vehicles more than double to 55,979 units (+112.3%) +++ US market up +11.4%, with 89,750 BMW and MINI deliveries
Zipse: “Proven strengths, future-oriented technologies and NEUE KLASSE as a recipe for success” ++ EBIT margin for 2023 expected within 8-10% range ++ High demand: 15% BEV share in 2023 ++ Dynamic BEV growth in coming years ++ Double-digit growth in high-end segment in 2023 ++ Further decrease in CO₂ emissions planned for 2023 ++ Concrete outlook for NEUE KLASSE – plants, models ++ More details on NEUE KLASSE at IAA Mobility ++
The BMW Group met its targets for 2022, as forecasted, and thus delivered a strong operating performance in a difficult business environment. The premium manufacturer significantly increased Group EBT (€ 23,509 million/ +46.4%) and net profit (€ 18,582 million/ +49.1%) from the previous year.
BMW Group sold 2,399,636 units (-4.8%) +++ BMW brand maintained No. 1 position in global premium segment +++ Sales of fully-electric vehicles more than doubled to 215,755 units (+107.7%) +++ Sales up +10.6% in fourth quarter of 2022 +++ MINI Electric* is best-selling MINI model variant +++ Pieter Nota: “Next milestone for 2023: 15% of total sales from fully-electric vehicles” +++
+++ $1 Billion New Investment in Plant Spartanburg (USA) to Prepare for the Production of Battery Electric Vehicles. At Least Six Fully-Electric BMW X-Models by 2030 produced in the U.S. +++ Additional $700 Million Investment to Build a New High-Voltage Battery Assembly Facility in South Carolina +++ Envision AESC to Build New Battery Cell Plant in South Carolina to Supply New Round Lithium-Ion Cells for Electric Vehicle Production in the U.S.+++
The BMW Group sold a total of 128,196 fully-electric BMW and MINI vehicles in the first nine months of 2022 – more than double its BEV sales in the same period of last year (+114.8%). The company was thus able to translate strong interest in its fully-electric products into robust growth.
+++ Newly-developed BMW round cells optimised for NEUE KLASSE architecture +++ Costs for whole high-voltage battery up to 50% lower than for current generation +++ CO2-reduced production – through green power and secondary material +++ Development head Weber: “Huge leap in technology for energy density, charging speed and range” +++ Purchasing head Post: “We will be building battery cell factories with our partners, each with an annual capacity of up to 20 ...
In a highly volatile environment, the BMW Group remained on course in the first half of 2022. With flexibility and expertise, the company encountered challenges including continued supply chain disruptions and bottlenecks for semiconductors and specific supplier parts.
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