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MarketScreener Homepage  >  Equities  >  Xetra  >  Bayerische Motoren Werke AG    BMWG   DE0005190003

BAYERISCHE MOTOREN WERKE AG

(BMWG)
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BMW Accelerates Electric-Car Rollout

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06/25/2019 | 04:45am EDT

By Nathan Allen

BMW AG (BMW.XE) is speeding up plans to roll out some electric and semi-electric vehicles, the German premium auto maker said Tuesday, as competition heats up in the rapidly growing market.

The company said it expects to have 25 electrified models on the market by 2023, compared with a previous target of 2025. More than half of the vehicles will be fully electric, while the remainder will be hybrid models with a separate combustion engine, the company said.

"We expect to see a steep growth curve towards 2025: Sales of our electrified vehicles should increase by an average of 30 percent every year," BMW Chairman Harald Krueger said.

Auto makers have been investing heavily in electric models in recent years amid a regulatory clampdown on carbon-dioxide emissions and a shift away from private car ownership in favor of shared services, which rely more on electric vehicles.

Volkswagen AG has pledged to invest around 44 billion euros ($50.02 billion) between 2018 and 2023 on electric-vehicle technology, while rival Daimler AG committed to spending EUR20 billion on battery cells through to 2030.

In 2018, BMW sold 142,617 electrified vehicles, an increase of 38% on the prior year, though still a relatively small portion of the nearly 2.5 million vehicles it sold in total.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
BAYERISCHE MOTOREN WERKE AG 0.00%End-of-day quote.0.00%
DAIMLER AG -1.47% 46.13 Delayed Quote.1.98%
VOLKSWAGEN AG -1.49% 155.15 Delayed Quote.13.23%
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Financials (EUR)
Sales 2019 98 619 M
EBIT 2019 7 443 M
Net income 2019 5 572 M
Finance 2019 16 774 M
Yield 2019 4,81%
P/E ratio 2019 7,99x
P/E ratio 2020 6,80x
EV / Sales2019 0,31x
EV / Sales2020 0,30x
Capitalization 47 296 M
Chart BAYERISCHE MOTOREN WERKE AG
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Bayerische Motoren Werke AG Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 76,25  €
Last Close Price 66,61  €
Spread / Highest target 77,2%
Spread / Average Target 14,5%
Spread / Lowest Target -17,0%
EPS Revisions
Managers
NameTitle
Harald Krüger Chairman-Management Board
Norbert Reithofer Chairman-Supervisory Board
Nicolas Peter Chief Financial Officer
Susanne Klatten Independent Member-Supervisory Board
Manfred Schoch Deputy Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
BAYERISCHE MOTOREN WERKE AG0.00%47 561
TOYOTA MOTOR CORP13.27%179 048
VOLKSWAGEN AG11.53%86 498
DAIMLER AG1.98%56 196
GENERAL MOTORS COMPANY17.88%54 509
BMW AG ST-5.06%47 561