Wuhan, China – May 25: (China) The attendees wear protective masks as they look around BMW IX3 during the year 2023 in central China Automotive on May 25, 2023 in Wuhan, Hobby County, China. More than 80 brands participated at the Central China International Auto 2023, which started on Thursday. According to local reports, more than 40 electric cars brands participated in the exhibition. (Getty Images)
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BMWNet profits fell by more than a third of 2024, which led to “continuous demand for the Chinese market.”
The net profit for this year decreased by 36.9 % annually to 7.68 billion euros (8.32 billion dollars). The print was in line with LSEG expectations, according to Reuters.
The auto maker said he expects a car profit margin from about 5 % to 7 % in 2025, compared to 6.3 % achieved last year, but I noticed that the implementation of the definitions had a negative impact on profits in the coming year.
The company said in a statement, “The difficult competitive environment, the macroeconomic, trade and geopolitical economy can all have a significant impact on business performance,” the company said in a statement.
BMW's financial director said that the added definitions of US imports imposed until March 12 will reduce the margin of car profits by one percentage point, according to Reuters, citing a copy of a letter that is scheduled to be delivered to investors later on Friday.
BMW said it expects a “difficult situation in China”, while also naming tariffs and “continuous support measures for the supply chain” as an anti -this year.
This is a developing story and will be updated soon.
