Reported 1 day ago
BMW has reaffirmed its commitment to its electric vehicle strategy with the launch of its Neue Klasse, despite a significant decrease in profits for 2024, dropping 35.8% to €10.971 billion. While sales of electric vehicles grew in Europe, they fell in China due to fierce local competition. As the company navigates economic challenges, it aims to invest heavily in both electrification and traditional vehicles, with the first Neue Klasse models expected to debut soon.
Source: YAHOO