Reported 2 days ago
BMW is optimistic about regaining growth in China, its largest market, with the launch of its all-electric Neue Klasse series, starting with the iX3 SUV. Despite recent sales declines of 15.5% due to local competition and economic issues, the company believes the new product offerings, coupled with significantly cheaper battery costs, will restore profitability and market presence by 2026.
Source: YAHOO