BMW Elevates Q3 Profit Margin Amid Strategic Cuts and EV Growth Plans

BMWs operating margin surged to 5.2% in Q3, driven by reduced R&D spending and new EV offerings, highlighting its strategy to compete in the challenging Chinese market.

• In the July to September period, BMW achieved an operating margin of 5.2% for its automotive unit, significantly up from 2.3% the previous year and exceeding analyst forecasts.
• The German carmaker has made strategic cuts to research and development spending focused on electric vehicles, aiming to enhance profitability while preparing for growth in the competitive China market.
• Based in Munich, BMW is banking on its new all-electric series to drive sales and counteract rising concern (business) over competition from domestic automakers in China.