Bayerische Motoren Werke AG - Company Profile
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Business Description
Bayerische Motoren Werke AG (BMW) is an automotive company. It designs, manufactures, and sells automobiles and motorcycles, spare parts and accessories, engines, and provides related products and services.
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R&D Overview
R&D efforts focus on developing new vehicles and vehicle concepts. It strives to innovate technologies in autonomous driving, battery research, electric mobility, and software development and connectivity. The R&D team focuses on the requirements and desires of its worldwide customers while developing its drive technologies. It constantly enhances its existing drive technologies to provide better products in terms of efficiency, resource conservation and decarbonization. It also researches new drive technologies with a focus on introducing those for series production. In FY2023, it spent EUR7,538 million on R&D, which as a percentage of revenue, stood at 4.8% and grew 13.8% YoY. In the year, a significant part of R&D budget was spent on the development of digital products, automated driving technologies and new vehicle models, including the new BMW i5 and Rolls Royce Spectre models and the electrified BMW 5 Series, BMW X3 and BMW X5 models vehicles. The company operates 17 research and development facilities. The BMW Group is actively engaged in research and development to integrate electrified vehicles into the power grid seamlessly. Emphasis is placed on technologies such as smart charging, integral to the BMW ChargeForward service, allowing customers to align their charging patterns with grid demand and the utilization of renewable energy sources.
Business Segments
Overview
Develops, manufactures, assembles, and sells automobiles and off-road vehicles. It also provides spare parts, accessories, and mobility services. It provides plug-in hybrid vehicles and markets through its major brands BMW, Mini and Rolls-Royce.
Performance
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Overview
Provides financial services in the automobile sector. Offers automobile leasing, fleet business, retail and dealership financing, multi-brand business, customer deposit business, and insurance. It is a partner in multi-brand financing and comprehensive management services for corporate car fleet under the brand name Alphabet.
Performance
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Overview
Develops, manufactures, assembles, and sells motorcycles, spare parts, and accessories for the sport, tour, roadster, heritage, adventure, and urban mobility segments. It also provides an electrification plan and a model range of motorcycles and scooters.
Performance
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Overview
Includes holding and group financing companies. It also includes the operating companies BMW (UK) Investments Ltd and Bavaria Lloyd Reiseburo GmbH.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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