30 July 2026
30 July 2026
In the second quarter, BMW’s net profit fell 34.9% to €1.20bn. For the first half, net profit dropped to €2.87bn from €4.01bn a year earlier.
Quarterly group revenue fell 3.3% year on year to €32.06bn.
The funding will also go towards a national charging network, a 2MW solar park, and a wastewater treatment facility capable of recycling 1,050 cubic metres per day.
Stellantis swung to profit in Q2 and revenues were up, but strong Chinese competition is a concern.
Growth was driven mainly by strong demand for fast-charging by individual EV owners.
The first model, the Ray 7, with advanced technologies designed to appeal to younger drivers.
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