BMW bets on petrol cars as it warns of US ‘rollercoaster’ EV transition

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BMW has promised to continue investing in the burning engine and hybrid technology, as it has been warned in the USA after the return of Donald Trump.

Council member Jochen Goller stated that the group remains optimistic about the sale of gasoline and plug-in hybrids in the United States EVS: Slow down the new administration under the new administration in the next few years.

“I think it would be naive to believe that the electrification step is a one-sided road. It will be a rollercoaster ride.

“That’s why we make investments in our burning engines,” he said. “We are investing in modern plug-in hybrids. And we will continue to move electric cars. “

BmwWhat is also made by Rolls-Royce and Mini’s brands has long carefully felt glorified by the Global Change of EVS, developing a wide range of products to sell EV.

The company gained profit last year after it was hit by sliding sale in China and had to withdraw 1.5 million vehicles due to the brake systems of continental possibility.

But the wider strategy of it was largely redeemed when his German competitors were struggled with Volkswagen and “Mercedes-Benz”, despite earlier ambitions.

Before the international peers, including Toyota and Stellantis, also showed a variety of energy approaches, BMW was separated by the same design and hybrid partners for a strong EVS and a strong external offer.

The sale of total electric cars of the group increased by 13.5% last year, reaching 426,594 vehicles, accounting for 17% of total sales. Including hybrids, the electrified proportion was 24%.

“We expected that people would not want to distinguish between energy and Goller. “We have gone to the path that now follows the others.”

Analysts say BMW is better positioned than competitors to satisfy the targets of targets tougher EU emissions without selling EVS with deep discounts. It is also less exposed to Trump Tatruff was 65% of his cars sold in the United States are built local, and it is also purely exporter from the United States.

“From an operational point of view, I think BMW is out of China, it is very well installed,” said UBS analyst Patrick Homemel. “They are quite a lot where they should be in the mixture in terms of EV share.”

Jeffiner’s analyst Philip Hucosis described the BMW, which in the past criticized investors to have its bets on its bet technology, as “most thoughtful. [original equipment manufacturer] over the years. “

This year the group will start its Neue Klasse platform for its next generation for the next generation of EVS, with longer recharge and modernized software, which memorizations say that computer computer train and batteries ”

But China found it difficult to challenge Munich-based Carmaker. BMW and mini sales in the world’s largest automobile market decreased by more than 13% last year, reaching 714,530 cars, more severe decreasing than competitors such as Mercedes-Benz and Audi.

Citigroup analysts have warned that BMW remains vulnerable to China, where prices in the overcrowded market prices are discount. Sliding sale in the country, where BMW is still being delivered under one-third of its cars, “remains our main concern,” said Tst’s analysts.

Goller recognized China, it is unlikely to return to the explosive economic growth, which first of all involved foreign arms to move to the country.

“But we still see a growing market. A number of a number of many and, therefore, our ambition is clear that we want to participate in the growing market, “he said.

Goller added that it should not be “shock” that the Chinese brands quickly assumed the share of the domestic market by foreigners.

“The cars are really good in terms of a technological point of view,” he said. “But we are not afraid.”