BMW

All news and posts of our editorial team on the topic

Car manufacturers once again turn huge profits
According to a study by the consulting firm EY, international carmakers, including Germans, are currently posting record profits. And even in the Chinese market, which recently slowed down, things are looking up again for carmakers.“The bottom line is that the third quarter was a dream quarter for the auto industry, despite the slowing economy and […] continue reading →
BMW invests further billions in Shenyang
BMW plans to invest ¥10 billion ($1.4 billion) in the expansion of a battery factory in China. Specifically, this involves increasing the capacity of the battery plant in the northern Chinese province of Liaoning.The Lydia plant in Shenyang was only opened in June of this year. Even then, according to the company, the plant was […] continue reading →
BMW wants to keep electric Mini in UK
BMW denied a media report suggesting the company plans to move production of its electric Mini from the United Kingdom to China. A spokesman for the automaker said on Friday evening that no such move was planned. The Times newspaper previously reported that BMW planned to move production of the car to the People’s Republic. […] continue reading →
Companies continue to invest in China despite risks
German companies are some of the biggest investors in China. Some are spending tens of billions on new projects. Analysts warn of increasing risks. But for the big players, growth in China is still just too tempting. Meanwhile, the Chinese sites of German companies continue to decouple themselves from the rest of the world. continue reading →
German automakers lose market share
China’s car market has regained momentum, but German automakers have lost market share. China is once again the “locomotive,” industry expert Ferdinand Dudenhöffer of the Duisburg-based Center Automotive Research (CAR) wrote Wednesday in an analysis quoted by news agency dpa. Although global car sales are expected to decline by 3.2 percent this year, the market […] continue reading →
CATL builds large factory for batteries in Hungary
The location for battery market leader CATL’s next factory in Europe has been decided. The company from Ningde plans to invest €7.34 billion in the Hungarian city of Debrecen. The company also seeks to produce battery cells there. This is important because a large proportion of the cells have so far been supplied from the […] continue reading →
Third BMW plant opened
German car manufacturer BMW has opened a new EV factory in Shenyang. The third BMW plant in the People’s Republic is expected to increase annual capacity from 700,000 to 830,000 vehicles. According to the company, the factory is fully flexible and can produce up to 100 percent EVs. In total, the Bavarians have invested over […] continue reading →
Niao Wu – out of the corporate calm into the air
Has Niao Wu reached her goal? What a question. Of course not. Never. Although the 35-year-old architect has already built the innovation center for BMW in Shanghai, kicked it up a notch at the Boston Consulting Group, and founded her start-up Onyo in Munich in 2021. With her company, she provides sustainably produced work furniture […] continue reading →
China business boosts BMW
The full consolidation of its China business has given German carmaker BMW a significant boost in revenue and profit at the start of the year. Revenues improved by 16 percent to €31 billion in the first quarter, the company announced on Thursday. Operating profit rose by twelve percent to €3.4 billion.In February, BMW received the […] continue reading →
Factories resume production in Liaoning and Jilin
In the northeastern provinces of Jilin and Liaoning, economic life is getting back on its feet after forced Covid-related pauses. In Jilin, the factories of the 500 largest companies are back in operation, the provincial government announced on Tuesday. These include the plants of FAW in Changchun, an important partner of VW. Bosch also reported […] continue reading →
The sweet poison of relaxations
The joint venture requirement, which has been criticized by Western companies for many years, has been relaxed. In addition, the Chinese leadership has also simplified direct investment in the People's Republic. However, what sounds like an opening of China's economy should be approached with caution. continue reading →
BMW acquires joint venture majority
BMW has been given the green light to acquire a majority stake in its joint venture with Brilliance in China. The company received the corresponding approval on Friday, BMW announced. The Munich-based company will thus hold 75 percent of the shares in BBA, with its Chinese partner Brilliance holding the remainder.Since the first strides of […] continue reading →
BMW booms despite chip shortage
While market leader Volkswagen has suffered considerably under chip supply bottlenecks over recent months, and Daimler also recorded a slight decline in sales, BMW 2021 was able to significantly increase its sales in China. Sales increased by 8.9 percent to just under 850,000 vehicles. BMW thus sold more cars in China than ever before, the […] continue reading →
Jochen Goller – shaped the perception of the BMW brand
Love is good for integration. It is an anchor. Love even educates, as Jochen Goller, President, and CEO of the BMW Group Region China, confirms. He had already spent some time in the People’s Republic from 2004 to 2009 – as Head of Marketing. That was where he met his wife. When he returned to […] continue reading →
“Auto shows only remain a success story in China”
Classic car shows are having a hard time. That also applies to the IAA. Starting next Monday, it will be held again for the first time in two years – albeit no longer in Frankfurt am Main, but in Munich. And it's no longer just about cars, but about mobility in general. In an interview with China.Table, car expert Ferdinand Dudenhoeffer is not inherently opposing the new direction. But he would have liked a stronger thematic focus. In his opinion, the only car shows that still really still work are the ones in China. Felix Lee spoke with Dudenhoeffer. continue reading →
Auto Shanghai 2021: German carmakers fully committed to EVs
With around 1000 exhibitors, the "Auto Shanghai" is the largest car show in the world. German suppliers present their new electric cars in elaborate shows, with which they want to come out of the defensive. Many models have been specially designed or adapted for the Chinese market. continue reading →
German car manufacturers: record sales in China
What is the importance of the Chinese market for Germany’s car manufacturers? A recent study by the Center Automotive Research came to the following conclusion: Of the 14.16 million cars sold worldwide last year by Volkswagen, Daimler, and the BMW Group, 38.2 percent were sold in China. In the Augsburger Allgemeine Zeitung, car expert and […] continue reading →
China saves VW sales balance
In the past year of Covid, China has also become a lifeline for Volkswagen. VW sold around 3.85 million cars of the various group brands in mainland China and Hong Kong in 2020, with about 9.1 percent fewer vehicles than in 2019. But this decline was far more lenient than elsewhere: Globally, VW was down […] continue reading →