Bayerische Motoren Werke AG (OTCPK:BMWKY)
$ 25.71 0.57 (2.27%) Market Cap: 48.13 Bil Enterprise Value: 104.46 Bil PE Ratio: 5.48 PB Ratio: 0.50 GF Score: 80/100

Q4 2023 Bayerische Motoren Werke AG Earnings Press Conference Transcript

Mar 21, 2024 / 08:00AM GMT
Release Date Price: $37.86 (-3.10%)
Oliver Zipse
Bayerische Motoren Werke Aktiengesellschaft - Chairman of the Board of Management & CEO

(presentation)

Ladies and gentlemen, in 1999, 25 years ago, BMW presented the first X5, the founder of the sporty SAV segment. And since then, the X family has been a pillar of the BMW brand. around 12 million X vehicles have already been sold because today, the X family covers all customer wishes in this segment, from X1 to luxury class with the X7 and XM.

And now the BMW Vision Neue Klasse X looks ahead to the future of BMW and a totally new generation of BMW X models. This future doesn't start on some far-off date. It begins next year when we turn vision into reality that our customers can experience for themselves. With the BMW Vision Neue Klasse X, we are opening up a whole new dimension for the Neue Klasse.

So why are we focusing on an X model? Because we aren't just ramping up e-mobility in niche models but in our most successful highest-volume segments. From 2025 on, we expect demand for all electric vehicles to increase significantly. This is precisely when we

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