BMW Group Sees Steady Growth in First Three Quarters of 2025, Electrification Strategy Serves as Key Growth Driver

November 5, 2024– The BMW Group released its financial results for the first three quarters of 2025, highlighting robust growth in electrified models and high-performance M series, alongside significant financial structure optimization as core achievements. The Group also announced that the first vehicles based on the all-electric "Neue Klasse" platform will be launched starting in 2026, with plans to introduce a total of 40 new and updated models by the end of 2027, covering all key market segments.

Resilient Performance and Strategic Clarity

Oliver Zipse, Chairman of the Board of Management of BMW AG, stated, "In the third quarter, we once again demonstrated the resilience and risk-resistance of our business model. We possess all the key elements for sustained success: a technology-open approach, an attractive product portfolio, a strong global footprint, and exceptional innovative strength across the entire value chain."

Electrification Momentum Accelerates

In the first nine months, BMW Group's fully-electric vehicle sales increased by 10.0% year-on-year, accounting for 18.0% of total group sales, signaling a continued deepening of its electric transition. The share of all electrified vehicles, including plug-in hybrids, rose to 26.2%, underscoring the success of its "technology-open" strategy in meeting diverse market demands.

Balanced Global Growth Offsets Regional Volatility

The Group's balanced global presence effectively offset fluctuations in individual markets. Third-quarter deliveries approached 590,000 vehicles. For the first three quarters, global customer deliveries reached approximately 1.796 million units, a 2.4% increase year-on-year. This was driven by an .

8.6% growth in European deliveries and a 9.5% increase in the US market, which served as key pillars of stable growth.

Financial Discipline and Shareholder Returns

Through strict cost management, the BMW Group significantly reduced research and development expenses and capital expenditure while maintaining its product offensive. This contributed to a pronounced year-on-year improvement in free cash flow for the Automotive segment. Furthermore, the Board of Directors approved a new share buyback program of up to €2 billion, reflecting the company's solid financial position, confidence in future cash flows, and ongoing commitment to shareholder returns.

Outlook: Confidence in the "Neue Klasse" and Beyond

Chairman Oliver Zipse emphasized, "Our business model has again proven robust and resilient in the third quarter. We are thrilled with the market response to the new BMW iX3 (already on sale in Europe), whose order intake has far exceeded our expectations. With the launch of the Neue Klasse, we will make a significant leap in technology, design, and the driving experience." Despite short-term challenges such as tariffs, the BMW Group reaffirms its adjusted full-year guidance for 2025, expecting an EBIT margin in the Automotive segment between 5-6% and a slight increase in total deliveries for the year.

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