BMW's first-quarter earnings dropped by 23% before U.S. auto tariffs took effect, highlighting sales decline in China and global market challenges.
Despite a 32% year-over-year gain in its EV business, BMW believes regulators are pushing too hard for EVs and should slow down according to CEO Oliver Zipse.
BMW is focusing on its upcoming Neue Klasse models for its electric and software-defined future to stay ahead in the market.
The auto industry is facing challenges with increasing EV adoption rates varying across different regions, causing concerns over competitive product offerings and balancing investments in ICE, hybrid, and EV options.