BMW posts impressive EV sales growth amid unfavorable market conditions

10 October 2024
Pretty impressive for a company that doesn't have affordable EVs in its portfolio.

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Anonymous, 13 Oct 2024As you wrote, companies want profit, which is to be expected, but I was talking about the coun... moreYou are right. Like I said, I feel that European politicians shouldn't care for profit in China but for jobs in Europe. Still I also have the feeling that there are many other factors influencing those decisions. Like lobbying from the industry or pressure from the US...

  • Anonymous

Anonymous, 13 Oct 2024Yes, it's interconnected. West calls It globalization. The best thing ever, until they st... morei never confirmed vietnam.
only thing i can say is that the company i work for is industry related.
we do business with both china/east asia and eu countries.

europe experiencing economic contraction is also bad news for us.
not to mention, so many 'others' are cheering for the downfall of china.
that would be a disaster for my country.

  • Anonymous

Anonymous, 13 Oct 2024thats true but what im trying to point out is that it is all about geopolitics. everything no... moreYes, it's interconnected. West calls It globalization. The best thing ever, until they started to lose the advantage in technological know-how and being expensive for production was another disadvantage. Also financial crisis in 2007/08 and Covid showed disadvantages of everything being interconnected.

Now China is on the rise and that's a problem.
China being a communist country is not important, even If the media and politicians claim that. Even If China had democracy or It was India, It would still be the same. USA doesn't want to lose their dominant position, that's all.

Not sure how exactly would a trade war EU vs China affect Vietnam.

  • Anonymous

Sinnaoi, 13 Oct 2024Of course they where. Companies do not care about jobs, they care about profits. They don'... moreAs you wrote, companies want profit, which is to be expected, but I was talking about the countries.
It's kinda surprising how countries voted.

I could understand Germany, Slovakia and Hungary regardless If they voted for or against.
I can also understand Poland, France and Italy voting for tariffs, although France could get hurt in the luxury goods sector, for which China is a very important market.
The rest of those who voted for tariffs I don't understand, Chinese imports wouldn't really affect them, they would get an option to buy cheaper cars as an advantage. So what was the reason?

  • Anonymous

Anonymous, 13 Oct 2024"that doesnt matter but im very selfish, i only care about me and my peoples." Ever... morethats true but what im trying to point out is that it is all about geopolitics.
everything nowadays is interconnected.

what happens to china/europe also affects me.



  • Anonymous

Sinnaoi, 13 Oct 2024For the first part, I said they are loosing market share. I didn't say they aren't s... more"For the second part you are wrong. It's not like the IRA in the US"
Wait a bit. European brand cars manufactured in China are subject to the new tariffs, right?
If they are, then in my opinion car components are subject too.

  • Anonymous

Sinnaoi, 13 Oct 2024I don't have the numbers and I didn't say I endorse the justification Ok, your wording made me believe you you agreed with It.

Anonymous, 12 Oct 2024You should have checked first, which countries were actually against and who for the tariffs. ... moreOf course they where. Companies do not care about jobs, they care about profits. They don't care where they come from

Anonymous, 12 Oct 2024"BMW and European brands have been losing market share in China long before the EU tariff... moreFor the first part, I said they are loosing market share. I didn't say they aren't selling many cars nor that it doesn't matter to the companies. Please reply to what I wrote and not to what you are concluding or imagining.

For the second part you are wrong. It's not like the IRA in the US

Anonymous, 12 Oct 2024''The justification is of course an unfair competition from Chinese companies due to... moreI don't have the numbers and I didn't say I endorse the justification

  • Anonymous

Anonymous, 13 Oct 2024that doesnt matter but im very selfish, i only care about me and my peoples. china is there, ... more"that doesnt matter but im very selfish, i only care about me and my peoples."
Everyone cares about their country first and maybe to some limited degree with the neighbor one.
Being selfish would be If you didn't care about your country.

But this article is not really about geopolitics.
I don't know If It is really a good idea to have an option to abstain like in this tariff case.
5 countries were against, 10 for and 12 abstained.
What, they didn't want to anger Germany or China, but still knew that the vote will pass, so It was safe to abstain?

  • Anonymous

Anonymous, 12 Oct 2024what u live in vietnam? easy to guessthat doesnt matter but im very selfish, i only care about me and my peoples.
china is there, and my people are very close. china isnt leaving china.
so then what happens ..war like ukraine.

americans are protected by two oceans.
they go to a place, like mine in the past, f it up,
then say, 'meh, i don't wanna do this anymore'
leave, and people left there clean up the destruction.

  • Anonymous

Sinnaoi, 12 Oct 2024BMW and European brands have been losing market share in China long before the EU tariffs. Bla... moreYou should have checked first, which countries were actually against and who for the tariffs.
Yes, the biggest car manufacturer in EU(Germany) was against It.
Most of the 10 countries for additional tariffs were countries which don't have any car plants.
And actually the biggest number of countries(12) abstained.

  • Anonymous

"BMW and European brands have been losing market share in China long before the EU tariffs. Blaming EU politicians for that would be far fetched."
VW was the most sold brand in China last year, actually It sold more cars there than in EU, It was 2,495,337, in Germany they sold only 521,646.
So stop acting like It doesn't matter. BTW, who said it will have an impact only on the car industry? You can't be that naive that China won't counterattack in other sectors.

"On the contrary. EU politicians shouldn't care about losing market share in China but about losing jobs in the EU cause production is transferred to China."
Talking about job loss is ridiculous when EU companies are producing and importing parts to EU for decades, because It's cheaper.
And these tariffs If I am not mistaken will also negatively affect EU factories, if some parts are produced in China.
Then either manufacturers will increase prices, or reduce workforce.
So much for saving jobs in EU.

  • Anonymous

Sinnaoi, 12 Oct 2024BMW and European brands have been losing market share in China long before the EU tariffs. Bla... more''The justification is of course an unfair competition from Chinese companies due to massive government funding."
Then of course you can provide the numbers, how much money China is pouring into them.
And not just use useless claims about unfair competition.

Anonymous, 10 Oct 2024"and declining sales in China. Keep in mind that China is the biggest market for BMW and ... moreBMW and European brands have been losing market share in China long before the EU tariffs. Blaming EU politicians for that would be far fetched. On the contrary. EU politicians shouldn't care about losing market share in China but about losing jobs in the EU cause production is transferred to China. That's what the tariffs are supposed to stop or slow. The justification is of course an unfair competition from Chinese companies due to massive government funding.

  • Anonymous

Anonymous, 12 Oct 2024minimizing exposure to china is a good thing anyway.Ok, then go tell that to everyone who is doing business with China, then come back and tell me their response.

  • Anonymous

Anonymous, 12 Oct 2024what u live in vietnam? easy to guessEasy to guess, really? LMAO
China doesn't have Vietnam as It's only neighbor.
So even if he is from Vietnam, then It was just luck.

  • Anonymous

Anonymous, 10 Oct 2024"and declining sales in China. Keep in mind that China is the biggest market for BMW and ... moreminimizing exposure to china is a good thing anyway.

  • Anonymous

Anonymous, 10 Oct 2024not only bmw but 'luxury/designer/boutique' brands in general. europeans seem to ... morewhat u live in vietnam? easy to guess

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