Group 1 - BMW China has lowered the official guide prices for 31 models at the beginning of the year, with the highest reduction reaching 301,000 yuan. The starting price for the iX1 has decreased from 299,900 yuan to 228,000 yuan, a drop of 24%, while the 2 Series has seen a reduction from 259,900 yuan to 208,800 yuan, a decrease of 20% [2][3] - BMW China clarified that this price adjustment is not a price war but a proactive adjustment of product strategy to meet the expectations of Chinese consumers. The final prices are still determined by dealers [3] - The company emphasizes that the value upgrade of certain products is part of its long-term strategy, aiming to provide higher value and more competitive product experiences to consumers, reinforcing its market competitiveness [3]

Core Viewpoint - BMW China has initiated a price reduction for 31 models, with the highest decrease reaching 301,000 yuan, reflecting a strategic move to adjust pricing in the competitive automotive market [1][3]. Price Adjustments - The flagship electric model, BMW i7 M70L, has seen a price drop of 301,000 yuan, now priced at 1,598,000 yuan, representing a 16% reduction [3]. - The starting price for the electric model iX1 has decreased from 299,900 yuan to 228,000 yuan, marking a 24% decline [3]. - The 2 Series has also been adjusted, with its starting price reduced from 259,900 yuan to 208,800 yuan, indicating a 20% drop [3]. - Other models, including X2, i4, i5, X6, and X7, have experienced varying degrees of price reductions [3].

Group 1 - The company has received AS9100D aerospace quality management system certification for its subsidiaries, which indicates its capability to produce materials used in commercial aerospace rockets [2] - The company has developed a mature system and experience in lightweight special high-strength aluminum alloy materials, specifically in series 2 and 7, to support product upgrades in the aerospace sector [2] - The company is actively exploring opportunities in the high-end carbon new materials industry through its investment in Asia Pacific (China Carbon) New Materials Technology Co., Ltd., focusing on developments in aerospace and other fields [2]