BMW anticipated that its profitability will remain largely flat this year given tariff costs and intensified competition in the Chinese market, foreign media reported.
The group expected that after last year's automotive manufacturing margin declined to 5.3%, this year's margin will range between 4% and 6%, but emphasized that sales in China will remain overall stable.
Since last year, BMW has been producing the first model of its new generation electric vehicle series "Neue Klasse", with an investment of approximately EUR10 billion (around USD11.5 billion).
BMW plans to release a sedan from this series next week to wrestle with brands such as BYD COMPANY (01211.HK), Tesla (TSLA.US), and XIAOMI-W (01810.HK).
~
AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| BYD (C) |
18941 |
128.433 (-) |
0.042 |
5.0 X |
| BYD (Bull) |
56397 |
91.6 (93) |
0.133 |
7.8 X |
| BYD (Bull) |
56395 |
89.1 (90.5) |
0.162 |
6.4 X |
| BYD (Bear) |
65951 |
113.4 (112) |
0.086 |
12.1 X |
| BYD (Bear) |
59234 |
109.4 (108) |
0.048 |
21.7 X |
| XIAOMI (C) |
26499 |
44.02 (-) |
0.108 |
7.6 X |
| XIAOMI (Bull) |
55709 |
31.8 (32.2) |
0.038 |
9.3 X |
| XIAOMI (Bull) |
56372 |
31.2 (31.6) |
0.045 |
7.8 X |
| XIAOMI (Bear) |
59190 |
38.4 (38) |
0.028 |
12.6 X |
| XIAOMI (Bear) |
64084 |
37.4 (37) |
0.021 |
16.8 X |
| TSLA (C) |
11036 |
590 (-) |
0.086 |
8.0 X |
