BMW FRANKFURT: BMW a także Mini, limuzyny Rolls - Royce

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Strong relations between BMW and China a 'win-win' -CEO

(Reuters) - BMW's strong ties with China are a "win-win" as the car industry shifts towards greener, more connected vehicles, said CEO Oliver Zipse after Chinese Premier Li Qiang visited the German carmaker's headquarters in Munich on Wednesday.

Accompanied by a high-ranking delegation, Li met with Zipse and other company executives as part of a four-day visit to Germany - his first official trip abroad since becoming premier - that included talks with German Chancellor Olaf Scholz and other top politicians.

"The BMW Group has deep and long-standing ties with China," said Zipse in a statement, noting shared aims in areas like electric mobility, decarbonisation and intelligent connected vehicles.

"Strong partnerships between BMW Group and Chinese partners will continue to deliver a win-win during the transformation of our industry," he added.

Li had told the CEOs of several top German companies on Tuesday, including Mercedes-Benz, that a lack of cooperation between the two nations was a major risk.

China is BMW Group's largest product development location outside Germany and is a core sales market for the company, with over 791,000 vehicles delivered to Chinese customers in 2022.

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BERLIN (Reuters) -BMW lifted its annual outlook for its margin on earnings before interest and taxes (EBIT) in the automotive segment on Tuesday but said it foresaw ongoing challenges from supply chain issues and inflation in the second half of the year.

The carmaker's forecast mirrored that of competitors such as Mercedes-Benz which also raised their earnings outlook but warned the macroeconomic environment would continue to weigh on output.

BMW now expects an EBIT margin on its cars division of between 9%-10.5% from 8%-10% previously, and expects solid growth in its deliveries, up from a previous forecast of only slight growth, on the basis of a strong order bank and improved availability of its premium vehicles.

But it reduced its forecast for free cash flow to above 6 billion euros ($6.58 billion) from around 7 billion euros previously, citing the need to stock up its inventories and higher investment in electrification.

The preliminary results and outlook adjustment failed to impress markets, with shares down 4.5% at 0908 GMT, underperforming Germany's DAX and Europe's autos index.

Full quarterly results will be published on Aug. 3.

The carmaker reported preliminary figures of a 12.6% group margin on earnings before taxes in the first half of the year and a 10.6% EBIT margin in the automotive segment, helped by higher sales and pricing.

BMW sales rose 4.7% in the first half of the year compared to last year, when supply chain issues caused by factors including the war in Ukraine and lockdowns in China dented output.

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BMW expects higher China sales in 2023, finance chief says

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Oferta pojazdów elektrycznych BMW "Neue Klasse" będzie co najmniej tak samo opłacalna, jak samochody zasilane bateryjnie już sprzedawane przez niemieckiego producenta luksusowych samochodów, powiedział w sobotę dyrektor generalny Oliver Zipse na IAA wystawa samochodów w Monachium.

Neue Klasse, który ma zostać wprowadzony na rynek w 2025 r., jest w centrum wysiłków producenta samochodów, aby powtórzyć wcześniejsze sukcesy i dogonić pioniera EV Teslę (NASDAQ:TSLA), która również powraca na IAA w tym roku.

"Jesteśmy bardzo rentowni z samochodami elektrycznymi ... już dzisiaj" - powiedział Zipse dziennikarzom, dodając, że Neue Klasse - czyli Nowa Klasa - będzie "bardzo opłacalna". Będziemy ... Na pewno nie będzie mniej opłacalny niż dzisiaj".

Zipse powiedział, że grupa z siedzibą w Monachium pozostanie w długoterminowym celu marży zysku (EBIT) wynoszącej od 8% do 10% w segmencie motoryzacyjnym, dodając, że w niektórych kwartałach BMW (ETR:BMWG) może przekroczyć ten zakres.

Na rok 2023 BMW podniosło w zeszłym miesiącu prognozę marży EBIT dla działu samochodów do poziomu od 9% do 10,5%, z 8% -10% poprzednio, w oparciu o silny bank zamówień i lepszą dostępność pojazdów premium.

Zipse powiedział wcześniej, że BMW planuje wprowadzić sześć modeli w ciągu 24 miesięcy od premiery Neue Klasse, dodając, że będą to zarówno "pojazdy sportowe", jak i sedany.

"To, co ich wszystkich łączy, to czyste elektryczne serce, które je napędza" - powiedział Zipse.

Produkcja nowej platformy rozpocznie się w fabryce grupy w Debreczynie na Węgrzech, gdzie BMW inwestuje 2 miliardy euro (2,2 miliarda dolarów) w nowe operacje produkcji i montażu akumulatorów dla Neue Klasse.

Później rozprzestrzeni się na zakłady w Monachium, Chinach i Meksyku.

Rozwój Neue Klasse ma na celu zmniejszenie kosztów akumulatorów o połowę i osiągnięcie o 25% większego zasięgu na kilowatogodzinę, co jest kluczową miarą wydajności.

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MUNICH (Reuters) - BMW (ETR:BMWG) Chief Executive Oliver Zipse, in a speech on Wednesday, called on China to expand its hydrogen network in urban areas and clarify public charging standards to encourage customer uptake of electric cars.

"The same policy incentives for electromobility are needed for hydrogen to achieve a breakthrough," he said, speaking at China's World New Energy Vehicle Congress taking place in Munich.

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BMW gains with sharp jump in EV sales
In corporate earnings news, BMW (ETR:BMWG) stock rose 2% after the German carmaker announced that group sales of its battery-electric vehicles surged by just under 80% year-on-year in the third quarter of 2023. Total group sales increased by 5.8% that quarter and by 5.1% over the first nine months of the year.