BMW will return to growth in China with new all-electric series, CFO says

BMW aims to regain growth in China with its Neue Klasse series, starting with the iX3 electric SUV launching in 2026. Despite a 15.5% sales slump in China, BMW anticipates the new series, featuring significantly cheaper batteries, will achieve margin parity with combustion engines. However, import tariffs in the U.S. are expected to negatively impact BMW's profit margin by 1.