The BMW Group ends the 2022 financial year with record sales and profitability. The main growth drivers in 2023 will be electric vehicles and the luxury segment.
The BMW Group also expects profitable growth in the 2023 financial year. The company expects electric vehicle sales to grow very dynamically as the business environment continues to be challenging. This was announced by Executive Chairman Oliver Zipse at the BMW Group’s annual meeting in Munich on March 15. “Proven strength, future-oriented technology and his NEUE KLASSE are the recipe for success in the years to come,” Zipse said Wednesday in Munich. “With this combination, we are well positioned to respond precisely to different developments in different parts of the world.”
Significant increase in fully electric models across all brands.
Last year, the BMW Group’s BEV sales more than doubled to 215,000, underscoring its role as a pioneer in e-mobility. The company once again offered customers far more fully electric vehicles than its direct European competitors, and far more cars to its customers than the majority of new entrants in Asia and the United States.
The BMW Group also expects to see a rapid growth trajectory for electric models in the coming years. The BMW Group expects BEV models to grow in his high double-digit percentage range. In that case, fully electric vehicles would account for his 15% of global sales. By 2024, at least one-fifth of the company’s new vehicles will have a fully electric drivetrain. By 2025, a quarter of new vehicle deliveries will be BEVs, and by 2026 about a third should be.
This growth pattern applies to all brands of the BMW Group. With the launch of the new BMW 5 Series and his fully electric BMW i5 this year, the BMW Group will offer his BEV in almost every major segment of its business. The MINI brand is heading towards a fully electric future from the early 2030s. The same applies to Rolls-Royce, which will offer only all-electric models from 2030 onwards.
NEUE KLASSE Outlook: 6 models in the first 24 months.
At IAA Mobility 2023 in Munich, the BMW Group will present further steps and new details on its journey to NEUE KLASSE. NEUE KLASSE promises a completely innovative vehicle architecture and design language. It offers a completely new wiring harness, a fundamentally new UX/UI concept and a newly developed high-performance generation of electric drivetrains and batteries, resulting in significant efficiency improvements and new levels of endurance over the entire life cycle. It has possibilities.
In 2025, production of NEUE KLASSE will start at the new factory in Debrecen, Hungary. From 2026 onwards, the NEUE KLASSE models will also be manufactured at the 100+ year old main factory in Munich, which is currently being comprehensively modernized for the start of this standard production. Standard production of the NEUE KLASSE will begin in 2027 at the San Luis Potosi plant. Here, the BMW Group is investing his €800 million to integrate a fully electric model and build a high-voltage battery assembly on site. In the first 24 months, production of at least six of his NEUE KLASSE models will start up across the BMW Group’s global production network.
The first of its kind: the BMW iX5 Hydrogen.
The BMW Group continues to assume that not all markets around the world will have the framework conditions necessary for all customers to switch to purely electric vehicles over the next ten years. As a result, the company also relies on hydrogen fuel cells as an additional climate-friendly drive technology. The BMW Group sees opportunities for potential production vehicles in the late 2000s, depending on market demand and conditions.
In the first quarter of 2023, the BMW iX5 Hydrogen Pilot Series was presented to international media representatives for the first time. Equipped with a high-performance fuel cell and an optimized power battery, the BMW iX5 Hydrogen has a world-unique drive system that achieves a range of 504 km on the WLTP cycle.
Record Sales and Profitability: Fiscal Year 2022 Summary.
The BMW Group has achieved its targets for 2022, once again surpassing the key financial figures of the previous year and reporting strong growth. income (€142.61 billion / +28.2%), group revenue (23,509 million euros / +46.4%) and Net income (18,582 million euros / +49.1%). This positive development can be attributed to improved pricing and positive product mix effects as well as the full integration of BMW Brilliance Automotive Ltd. (BBA). The company will propose a dividend of EUR 8.50 per ordinary share at its Annual General Meeting.
These successful annual financial statements are a tailwind that will directly strengthen the company as it prepares for the launch of NEUE KLASSE. “The BMW Group has shown a high level of resilience, especially in difficult circumstances. The company anticipates developments in the economic environment early on and acts accordingly,” Zipse said. “Combining our high level of flexibility with our performance has proven to be an effective combination to ensure the success of the BMW Group, even in the face of headwinds and taking advantage of profitable growth opportunities. it was done.”