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BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy
BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.
BMW Reports 37% Profit Drop, Announces Multi-Energy Strategy
BMW Group's 2024 net profit fell 37% to €7.6 billion due to a China market slowdown, but the company announced a multi-energy strategy with 40 new models by 2027, including hydrogen fuel cell vehicles by 2028, despite anticipating €1 billion in tariff losses in 2025.
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