BMW World in the evening sun, with the 4 cylinder building in the background.

A place for vision: the BMW Group.

View on BMW buliding

Rethinking mobility: the BMW Group.

Robots support employees in production.

A new way of working: the BMW Group.

Children discovering the BMW Group Junior Campus.

A member of society: the BMW Group.

A place for vision: the BMW Group.

+++ NEUE KLASSE to be released in 2025, local production in Shenyang for China from 2026 +++ BBA to invest RMB 10 billion in construction of assembly plant for sixth-generation high-voltage batteries in China +++ Global production network for high-voltage batteries based on “local for local” principle +++

 

Shenyang. To mark the 20th anniversary of the BMW Brilliance Automotive Ltd. (BBA) joint venture, Milan Nedeljković, member of the Board of Management of BMW AG responsible for Production, today announced local production of the NEUE KLASSE in China. Following the market launch in 2025, models of the next vehicle generation will also be produced from 2026 onwards by BBA in Shenyang. The high-voltage batteries required for this will likewise be manufactured locally. The virtual ground-breaking for a new assembly site for high-voltage batteries also took place as part of the anniversary celebrations. BBA is investing RMB 10 billion in the new location, which will produce battery cells for the next, sixth generation of high-voltage batteries from 2026 onwards. The “Sixth-Generation Battery Project” will play a key role in production of vehicles for the NEUE KLASSE and create around 2,000 new jobs in the region.

“From a small assembly facility with a limited number of units, our plants in Shenyang have developed into our largest production location worldwide. Today, 20 years after our joint venture’s initial start of production, I am delighted to announce local production of the NEUE KLASSE in China,” declared Milan Nedeljković in Shenyang. “Integration of the NEUE KLASSE into our production in China goes hand in hand with construction of a high-voltage battery assembly for the next, sixth generation of batteries and will make a significant contribution to further electrification of our lineup and, therefore, to our success as a company.”

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+++ Speech Oliver Zipse, Chairman of the Board of Management of BMW AG +++ General Annual Meeting +++ Munich, 11 May 2023, 10.00 a.m. CEST +++

 

We move body, heart and mind. The BMW Group – your company,

Dear Shareholders! Today is one of the days of the year that I particularly look forward to. At our Annual General Meeting, we stand before you, to answer your questions.  Of course, you want to know: what are we accomplishing at Team BMW Group – and, most importantly: What are our plans?  You are invested in a company with ambitious goals. Thanks to our focus and determination, you can rely on us to realise our plans – in the short, medium and long term, year in, year out. That is what you expect from us – and we deliver!

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+++ Zipse: “Our compelling products inspire customers all over the world” +++ Group EBT margin at 13.9% +++ Automotive EBIT margin climbs to 12.1% +++ Free cash flow of around € 2 billion in Auto Segment +++ Sales of BMW BEVs up 112% +++ 2023 Guidance confirmed in continuing volatility +++

 

Munich. With its fresh and attractive portfolio and a strong product mix, the BMW Group continued on its successful course in the first quarter of 2023. The company’s strong operating performance was confirmed by its margins: The Group EBT margin for the three-month period came in at 13.9%, while the EBIT margin for the Automotive Segment increased to 12.1%. The BMW Group’s operating financial strength is also reflected in the free cash flow of € 1,981 million in the Automotive Segment.

With its popular premium vehicles, the BMW Group benefited from positive development in many automotive markets and from continued stable pricing for both new and used cars. Sales momentum came from the electrified product line-up as well as models of higher classes, which are among the youngest in the market. Sales of BMW BEV models more than doubled to 55,979 deliveries (2022: 26,362 units/+112.3%).  

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BMW Group key figures.

149475
employees (2022).
137056
(91.7%) employees in Automotive segment (2022).
3711
(2.5%) employees in the Motorcycles segment (2022).
8616
(5.8%) employees in the Financial Services segment (2022).
4690
apprentices (2022).
433792
electrified vehicles delivered (BEV + PHEV) (2022).
31
production locations in 15 countries (2022).
2399632
automobiles delivered to customers (2022). (BMW, MINI and Rolls-Royce Motor Cars)
202895
Motorcycles delivered (2022).
142610000000
euros revenue (2022).

Who we are.

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The BMW Group company profile.

The special fascination of the BMW Group not only lies in its products and technology, but also in the company’s history, written by inventors, pioneers and brilliant designers. Today, the BMW Group, with more than 30 production and assembly facilities as well as a global sales network, is the world’s leading manufacturer of premium automobiles and motorcycles, and provider of premium financial and mobility services.

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Production today and tomorrow.

The BMW Group sets trends in production technology and sustainability as an innovation leader with an intelligent material mix, a technological shift towards digitalisation and resource-efficient production. At the same time, flexibility and continuous optimisation of value chains ensure competitiveness.

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Sustainability: the guiding principle for all our actions.

Long-term thinking and responsible action are the basis of economic success. Ecological and social sustainability, comprehensive product responsibility and a clear commitment to conserving resources are therefore an integral part of our strategy. 

Five BMW Group milestones.

BMW was founded in 1919 as a manufacturer of aircraft engines.
1916 Establishment of BMW.

BMW can trace its roots back to Karl Rapp and Gustav Otto. In 1916, the Flugmaschinenfabrik Gustav Otto company had merged into Bayerische Flugzeug-Werke AG (BFW) at government behest. Elsewhere, in 1917, the Rapp Motorenwerke company became Bayerische Motoren Werke GmbH, which was duly converted into an AG (public limited company) in 1918. BMW AG subsequently transferred its engine construction operations – including the company and brand names – to BFW in 1922. The date of BFW’s founding, 7 March 1916, has therefore gone down in history as the foundation date of Bayerische Motoren Werke AG.

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Snapshot showing production of the first BMW motorcycle in 1923.
1923 BMW R 32 – the first BMW motorcycle.

BMW announced its first motorcycle, the R 32, to great excitement in 1923. Until then the company had only supplied engines rather than complete vehicles. The basic concept of the original BMW Motorrad model – a boxer engine with longitudinally positioned cylinders and shaft drive –continues to be employed in the company’s motorcycles to this day.

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BMW presented the 501 in 1951.
1951 The BMW 501 – the first post-war BMW car.

BMW's first post-war automobile was the 501, built from 1952 onwards. A large saloon capable of seating up to six people, it was powered by an enhanced version of the six-cylinder engine used in the pre-war BMW 326. As a luxury car, the BMW 501 was not a commercial success, but it nevertheless restored BMW's status as a manufacturer of high-quality cars.

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BMW launches production in South Africa.
1972 BMW starts up in South Africa.

The Rosslyn plant near Pretoria, South Africa, became the first production location outside of Germany for the modern BMW Group. In 1972, the BMW Board of Management decided to take over the entire Rosslyn facility constructed by the local importer. Assembly of the Glas 1800 SA model had started in 1967 and was later followed by the BMW 2000 SA. After major investments, production of BMW 3 Series vehicles was launched there at the beginning of 1984.

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The BMW Group opened BMW Welt in Munich in 2007.
2007 Strategy Number ONE.

Strategy Number ONE aligns the BMW Group with two targets: to be profitable and to enhance long-term value – from a technological, structural and cultural perspective. The mission statement up to the year 2020 is to become the world’s leading provider of premium products and premium services for individual mobility.

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  • 1916
  • 1923
  • 1951
  • 1972
  • 2007

Contacts.

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