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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.
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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.
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