This is the worst first-quarter figure recorded by the carmaker in China since 2020. In Germany, meanwhile, BMW sales were down ... incentive schemes, competition from cheaper Chinese rivals ...

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 ...

Seres Group’s Aito brand has tripled its sales in three years and outsells every Western automaker in the Chinese luxury ...

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

BERLIN (Reuters) -BMW's first-quarter sales were dragged down by a 17.2% drop in China, where foreign premium carmakers have struggled to boost sales amid high competition from cheaper local rivals ...

BMW's net profit crashed by over a third in 2024 to 7.68 billion euros ($8.32 billion), in line with an LSEG forecast, after a combination of weak sales ... of tough competition in China.

“But I think we are going to stand very, very firm and in the front row in that competition with ... account for 45 per cent of China’s new car sales. BMW will launch its Neue Klasse electric ...

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