BMW Group Q1 Sales Reach 38.2 Billion Euros; EV Deliveries Up 11%

*This content was translated by AI.

BMW Group announced its Q1 2026 results, recording sales of 38.293 billion euros (approximately 65.1854 trillion won at Hanwha exchange rates). This represents a slight increase compared to the same period last year. Vehicle deliveries totaled 601,562 units.

By brand, BMW sold 540,490 units, achieving 2.5% growth. MINI sales declined due to the impact of its model refresh cycle, while BMW Motorrad delivered 48,937 units. Total deliveries increased by 1.2% from 594,671 units in the previous year.

In the electric vehicle (BEV) segment, 92,100 units were delivered, marking an 11.2% growth compared to the same period last year. Consequently, EVs accounted for 15.3% of total deliveries. The EBIT margin for the automotive division stood at 8.8%, falling within the group's target range of 8% to 10%. Pre-tax profit (EBT) was 4.058 billion euros, and free cash flow from the automotive division reached 1.286 billion euros.

By region, sales in the European market reached 240,111 units, growing by 4.2%, while the U.S. market saw 92,143 units, an increase of 1.4%. In contrast, the Chinese market recorded 180,113 units, a 4.0% decline, due to weakened consumer sentiment and intensified competition.

Investment in research and development (R&D) also expanded. 2.179 billion euros were allocated to accelerate future mobility and electrification, representing 5.7% of sales. Investments continue in the development of the next-generation platform "Neue Klasse," scheduled for Yangsan in the second half of 2025, as well as in digitalization and autonomous driving technologies.

BMW Group forecasts a slight increase in annual deliveries for 2026 and expects the EBIT margin of the automotive division to remain within the 8th% to 10% range. Management risks cited include fluctuations in raw material prices, geopolitical tensions, and changes in monetary policy in key markets. The group is also closely monitoring the pace of charging infrastructure deployment and regulatory changes across countries during the transition to electrification.

The BMW Group Board of Management stated, "Despite a volatile market environment, we have maintained robust profitability and laid the foundation for sustainable growth by expanding our market share in the electric vehicle segment."

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*This content was translated by AI.