Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
BMW sees 5-10% sales growth in China despite tariffs
Reuters | 2018/8/3

FRANKFURT -- BMW expects its China sales to rise between 5 and 10 percent this year, despite the introduction of 40 percent import tariffs on vehicles imported from the United States since July.

BMW recently started building the X3 in China, ending imports of the model from a plant in Spartanburg, S.C., and raised prices on X5 and X6 models to compensate for the tariffs.

"We now have more than six models built in China," BMW CEO Harald Krueger said. "We are exporting the X5 from Thailand to China."

BMW recently hatched plans to significantly boost output in China over the next few years. 

BMW still exports some X5 models from the United States to Asia, but it is reviewing ways to optimize its flexible production network to adapt to changes in the political landscape, the company said.

BMW will also price new modes such as the new X7 SUV in a way that they will be profitable in all markets where they are sold, the company said.

Related Stories
  • Audi narrowly outsells Mercedes-Benz in July
  •     --Published:2018/14/8
     
  • BMW delays Chinese deliveries of X4 vehicles to fix brake issue
  •     --Published:2018/13/8
     
  • BMW, citing new tariffs, hikes price of 2 U.S.-made crossovers in China
  •     --Published:2018/31/7
     
  • BMW strikes deal for potential stake in CATL
  •     --Published:2018/20/7
     
  • BMW, VW win Beijing's green light to gain control of China joint ventures
  •     --Published:2018/20/7
     
  • Mercedes widens lead over Audi, BMW
  •     --Published:2018/17/7
     
  • BMW to join board of Baidu's autonomous driving platform Apollo
  •     --Published:2018/13/7
     
  • BMW set to raise stake in Brilliance joint venture above 50%
  •     --Published:2018/13/7
     
  • Brilliance, BMW to boost annual capacity at China JV to 520,000
  •     --Published:2018/10/7
     
  • Stung by extra tariffs, Tesla, BMW hike prices in China
  •     --Published:2018/10/7
     
  • BMW signs $4.7 billion contract with CATL for battery cells
  •     --Published:2018/10/7
     
  • CATL to build EV battery cell factory in Germany
  •     --Published:2018/3/7
     
  • BMW, Ford and Tesla brace for 'nightmare' tariff whiplash
  •     --Published:2018/3/7
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291