BMW AG’s earnings plunged 23% in the first quarter as intense competition in China pushed sales in its biggest single market to a five-year low.

The hit in China was so large that it ... putting them in direct competition with European manufacturers such as Porsche and ...

rise at BMW The German car sector is facing multiple challenges, ranging from high production costs and managing the shift to electric vehicles to falling demand and rising competition from China.

BMW AG’s China sales dropped to the lowest in five years during the first quarter as intense competition with local manufacturers continued to erode its share of the world’s biggest car market ...

Analysts forecast that China’s EV price war will force many smaller players out of the market within the next two years.

BMW has reported a 25 per cent fall in earnings as it adjusts to new global tariffs and stiff competition in the Chinese ... the cars it sells in Europe from China.

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“But I think we are going to stand very, very firm and in the front row in that competition with the CLA.” Rival BMW will also launch its Neue Klasse electric vehicles, produced in China from ...

The Neue Klasse models will be produced in China starting 2026 ... investing $52 billion in infrastructure, while BMW is facing fierce local EV competition. BMW (OTCPK:BAMXF) and Alibaba have ...