AutoBeta(AutoBeta.net)03/20 Report--

BMW Group reported total revenue of 97.48 billion euros and pre-tax profit of 9.815 billion euros in 2018, with both indices falling slightly. In 2017, BMW Group's total revenue reached 98.678 billion euros and pre-tax profit reached 9.88 billion euros.

As for the decline in revenue and pre-tax profits, BMW explained that it was mainly affected by factors such as increased spending on future travel, changes in exchange rates and rising raw materials. At the same time, the European market is also affected by the global policy of unifying light vehicle emission testing regulations, which leads to serious supply imbalance and fierce competition in the European market, and increases related expenditure in the automobile field.

According to the data, BMW Group invested 6.89 billion euros in R & D in 2018, focusing on self-driving and electric travel. In the travel services business, BMW Group and Daimler AG are cooperating, and the two sides will jointly invest more than 1 billion euros. In the field of self-driving, the technology currently being developed by BMW Group will be applied to the mass-produced BMW iNEXT model in 2021, which can achieve three levels of self-driving and has a technical level of four levels of self-driving.

In addition, at the global layout level, BMW Group announced in 2018 that it would continue to increase its investment in China, the world's most important market, further expand its investment in China, and decided to set up a new joint venture in China to produce MINI-branded electric vehicles.

In terms of sales, BMW delivered 2.49 million vehicles worldwide in 2018, up 1.1 per cent from 2.46 million in 2017. Of this total, 2.125 million were delivered by the BMW brand, up 1.8% from the same period last year; and 4107 by the Rolls-Royce brand, up 22.2% from the same period last year. The delivery of the Mini brand fell 2.8% to 361500.

In the Chinese market, BMW (including MINI and Rolls-Royce) sold 639953 vehicles in 2018, an increase of 7.7 percent over the same period last year. Among them, the cumulative sales of 3-series and 5-series cars exceeded 150000, and the total sales of 1-series sports cars totaled nearly 50, 000, an increase of 32.6% over the same period last year.

In China, the BMW Group plans to launch a total of 21 new BMW brand products this year. In addition to the three main model innovations, the BMW X7, the new BMW 7-Series and the new BMW 8-Series, there are also a new generation of BMW 3-Series, new BMW X3 and new BMW X5 models.

Bloomberg reported today that BMW expects pre-tax profit in 2019 to be much lower than the previous year's level. BMW's shares on the Frankfurt Stock Exchange fluctuated, falling more than 4% at one point.

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