Group 1 - BMW is recalling over 330,000 vehicles globally due to corrosion risks in the starter relay, which may lead to short circuits and fire hazards [1][2] - The recall affects multiple models produced between September 2015 and September 2021, with over 130,000 vehicles in Germany and nearly 200,000 in the United States [1][2] - This is BMW's sixth major recall since 2025, following a significant recall of over 230,000 electric vehicles in August due to issues with the starter generator [2][3] Group 2 - BMW's sales in China have shown a declining trend, with a 6.4% drop in 2022, a slight recovery in 2023, and a projected 13.4% decline in 2024 [4] - The company's financial performance reflects this sales decline, with a 8.2% decrease in revenue to €33.93 billion and a 31.4% drop in EBIT to €2.66 billion in Q2 2025 [4] - The decline in sales is attributed to the rapid rise of domestic brands in the electric and intelligent vehicle sectors, which has impacted traditional luxury brands [4] Group 3 - In response to market challenges, BMW has made significant personnel changes, appointing its first female CEO for Brilliance BMW and committing to invest more in the Chinese market [5] - The company plans to launch over 20 new models, including the first new-generation model in Shenyang in 2026, as part of its strategy to regain confidence in the Chinese market [5] - The automotive industry is facing increasing consumer demands for product quality and safety, necessitating a new quality control system that extends beyond hardware to software and electronic control units [5]

Core Insights - BMW Group reported a significant decline in financial performance for the first half of 2025, with sales revenue dropping by 8% to €67.7 billion and net profit falling by 29% to €4 billion, marking a recent low [1][2] - The second quarter of 2025 saw a sales revenue of €33.9 billion, down 8.2% year-on-year, and an EBIT of €2.66 billion, which represents a 31.4% decrease compared to the previous year [1][2] - Global deliveries in the second quarter increased slightly by 0.4% to 621,500 units, but profitability faced significant pressure [1] Financial Performance - Total sales revenue for the automotive segment in Q2 2025 was €29.4 billion, down 8.2% from €32.1 billion in Q2 2024 [2] - EBIT for the automotive segment fell by 40.3% to €1.6 billion in Q2 2025, compared to €2.7 billion in Q2 2024 [2] - The overall net profit for the group in Q2 2025 was €1.84 billion, a decrease of 31.9% from €2.7 billion in Q2 2024 [2] Market Performance - Europe remains BMW's largest market, with a cumulative sales volume of 497,800 units in the first half of 2025, reflecting an 8.2% year-on-year increase [2] - North American sales reached 237,200 units, up 3.4% year-on-year, while Asian market sales declined by 11.1% to 438,300 units, with China experiencing a 15.5% drop [2] - The decline in the Chinese market is attributed to the rise of local brands in the fields of new energy and smart technology, which are increasingly capturing BMW's market share [2] Electric Vehicle Performance - BMW delivered 318,900 electrified vehicles in the first half of 2025, marking an 18.5% increase and accounting for 26.4% of total deliveries [3] - The European market showed strong growth in electric and plug-in hybrid vehicles, with a 34.8% increase, driven by models like the i4, iX1, and iX [3] - However, BMW's electric vehicle offerings in China are lagging behind local competitors, impacting their market performance [3] Strategic Outlook - BMW's transformation is deemed urgent due to declining profits and sales, with plans to launch over 40 new and updated models by 2027, starting with the BMW iX3 [3] - The NEUE KLASSE platform's first model is set to debut at the IAA Mobility in September, representing a new beginning for the company [3]

【导读】宝马集团上半年销售收入同比下滑8%，净利润同比下降29% 当地时间7月31日，德国宝马汽车集团公布2025年上半年财务业绩，今年上半年销售收入为677亿欧元，同比下降8%；税后净利润为40亿欧元，同比下降 29%。 上半年，宝马集团全球销量超过120万辆，与去年同期基本持平。同时，宝马集团持续推动电动化转型。上半年，宝马全球电动化车型累计交付31.89万 辆，同比增长18.5%。宝马汽车集团交付的车辆中超过四分之一是电动车型，欧洲在纯电动汽车和插电式混合动力汽车的增速方面表现最佳。 宝马集团方面称，其纯电车型的增长主要由i4、iX1与iX车型驱动，而插混车型在欧洲市场表现尤其强劲。 | | | | | | 1. Januar bis | 1. Januar bis | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2. Quartal 2025 | 2. Quartal 2024 | Veränderung in % | 30. Juni 2025 | 30. Juni 2024 | Veränderung in % | | KON ...

【导读】宝马集团上半年销售收入同比下滑 8% ，净利润同比下降 29% 中国基金报记者 李智 当地时间 7 月 31 日，德国宝马汽车集团公布 2025 年上半年财务业绩，今年上半年销售收 入为 677 亿欧元，同比下降 8% ；税后净利润为 40 亿欧元，同比下降 29% 。 | | | | | | 1. Januar bis | 1. Januar bis | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2. Quartal 2025 | 2. Quartal 2024 | Veränderung in % | 30. Juni 2025 | 30. Juni 2024 | Veränderung in % | | KONZERN | | | | | | | | | Konzernumsatzerlöse | Mio. E | 33.927 | 36.944 | - 8,2 | 67.685 | 73.558 | - 8,0 | | Automobile | Mio. E | 29.443 | 32.070 | - 8,2 | 58. ...