View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
March 23, 2020

BMW to step up investment in China despite recent market decline

BMW is considering increasing its planned investments in China, according to local reports citing a company executive, despite the sharp decline in the country's vehicle market due to the COVID19 coronavirus.

By bcusack

BMW is considering increasing its planned investments in China, according to local reports citing a company executive, despite the sharp decline in the country's vehicle market due to the COVID19 coronavirus.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The CEO of BMW group region China, Jochen Goller, in a conference call last week said "all the investments we are already committed to in China will go ahead and we are actually discussing adding to these investments in the future". 

Goller said China would remain BMW's most important market worldwide and it was optimistic about the mid-and long-term prospects of the vehicle market there, despite the recent disruption to vehicle sales and production caused by the coronavirus epidemic.

"The impact on the industry is likely to linger throughout the first half of the year," he added. 

Goller confirmed BMW resumed operations at its offices and plants in China on 17 February and around 85% of its dealer network was now up and running.

BMW and Mini sales in China last year rose by 14% to 724,733 units, to account for 28.5% of group sales, while the overall Chinese vehicle market was down by 8.2% to 25.8m units.

BMW Group aims to have 25 electric and plug in hybrid models on sale globally by 2023, more than half which will be all electric.

China is the world's largest electric vehicle market and will play a central role in BMW's global production strategy.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto