Mexican Media Brands
BMW Predicts 10% Sales Growth in China
BMW AG expects its group sales in China this year will expand 10%—the same as the country’s passenger car market and about twice the pace of the global car market overall.
#economics
Share
BMW AG expects its group sales in China this year will expand 10%—the same as the country’s passenger car market and about twice the pace of the global car market overall.
Board member Ian Robertson, who heads BMW sales and marketing, tells a panel at the Shanghai auto show that BMW won’t need new partners to achieve its growth target. The company makes cars through a joint venture with Brilliance China Automotive Holdings Co. Recently it has launched local production of its 1 Series small sedan, X1 small crossover vehicle and 5 Series midsize sedan.
Robertson agrees that electrified vehicles will become a significant factor in China’s car market. But he dismisses as “extreme” the central government’s proposal to impose quotas for plug-in hybrid and all-electric vehicles of 7% of total sales volume in 2020 and 15% in 2025.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data