Car manufacturer BMW is setting the pace with the digitally networked electric car

Car manufacturer BMW is setting the pace with the digitally networked electric car

Car manufacturer BMW is setting the pace with the digitally networked electric car

The carmaker expects a significant recovery after last year’s decline in sales and profits. CEO Oliver Zipse said on Wednesday in Munich: “We started the new year with great dynamism and want to return to the pre-crisis level as soon as possible – and go beyond it.”

After two years of declining profits, the company is aiming for “a significant increase in consolidated earnings before taxes” in 2021. Auto sales are expected to grow solidly after falling to 2.3 million last year. In China in particular, demand has recently risen sharply. The profit margin in the automotive segment (EBIT margin) is expected to increase from 2.7 to 6 to 8 percent of sales. Chief Financial Officer Nicolas Peter said: “For us, 2021 is all about growth. At the same time, we are prepared to react flexibly. “

The job cuts will be promoted. After shedding around 5,000 jobs last year, the number of employees at the end of 2021 is expected to be “slightly below the level of the previous year”.

With the transformation to digitally networked electric cars, BMW wants to pick up the pace. The fully electric BMW i4 built in Munich will arrive three months earlier than planned this year. Sales of fully electric models are expected to grow by an average of “well over 50 percent per year” by 2025. Then BMW will also launch its new vehicle architecture tailored to e-cars. By 2030, every second car sold by the group is expected to be fully electric. The Mini will then only be offered fully electric.

BMW wants to set standards when it comes to networking cars: “By the end of 2021, the BMW Group will have the world’s largest fleet of vehicles on the road with well over two million units that can have new and expanded functions installed over-the-air”, announced the company. The one that is due to roll off the production line in Dingolfing at the end of the year will be used for the first time and then rolled out in series.

BMW complied with the European CO2 limit values ​​by far. Zipse does not only want to reduce CO2 emissions on the road, but also along the entire chain from raw materials to factories to recycling by a third over the next ten years and to build “the greenest vehicles”.

All-wheel drive and better usability: is BMW’s iX fit for the future?
At the end of the year, BMW will be launching its iX electric SUV in two versions.  Source: BMW
BMW iX: Both variants have two electric motors Source: BMW
In the BMW iX, a new type of modular technology for the vehicle's brain is used. Source: BMW
BMW has also implemented some new ideas in the interior of the iX.  Source: BMW
The eighth infotainment generation will also celebrate its premiere in the fall in the iX and i4 electric models.  Source: BMW
BMW has renewed its iDrive system Source: BMW

BMW had already published the most important figures of the past year: Sales fell by 8 percent to 2.3 million cars, sales fell from 104 to 99 billion euros, and profits slumped by a quarter to 3.86 billion euros. The second half of the year went well, especially in China. But that could no longer make up for the losses after the week-long plant closings in spring 2020.

E-car subsidies cost carmakers, banks, dealers and leasing companies dearly,