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 the autonomous driving, battery research and electric mobility, and software development and connectivity areas. 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 for providing better products in terms of efficiency, resource conservation and decarbonization. It also researches for new drive technologies with focus on introducing those for series production. BMW’s main hub for international network of R&D is housed in Munich Research and Innovation Centre (FIZ). In FY2022, it spent EUR6,624 million on R&D, which as a percentage of revenue, stood at 4.6% and grew 5.2% 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?i7 and BMW iX1 models and the electrified BMW 7 Series and BMW X1 vehicles. The company operates 17 research and development facilities.
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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