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ifeng.com technology news on october 6, in response to the "voting on the final decision of the eu's anti-subsidy investigation against china's electric vehicles", the bmw group issued a statement saying that the voting results on october 4 were of great concern to the european automobile industry. an important sign of destiny. bmw group called on what is needed now is for the european commission to reach a quick settlement with china to prevent a trade conflict that benefits no one. the fact that germany voted against increasing tariffs is an important signal and increases the chances of a negotiated solution to the problem.

the bmw group pointed out in a statement that the eu's approach of imposing additional tariffs on chinese electric vehicles is completely unworkable. doing so will not only fail to improve the competitiveness of european car manufacturers, but may harm those companies that are actively doing business on a global scale. moreover, additional tariffs will also limit the supply of electric vehicles to european consumers, thereby delaying the low-carbon development of the european transportation industry. in addition, this approach also seriously undermines the free trade principle that the eu has always advocated.

bmw ceo oliver zipps once said: "the vote is a fatal signal for the european automobile industry. what is urgently needed is a quick agreement between the european commission and china to prevent a lose-lose situation. trade conflict.” he stressed that germany’s opposition to tariffs was “an important signal and increases the chance of reaching a negotiated solution.”

previously, both mercedes-benz and bmw had their stock prices plummet in september.

on september 20, mercedes-benz predicted that the adjusted return on sales of vehicles for the full year would be 7.5% to 8.5%, lower than the previous forecast of 10% to 11%. it also expected that the full-year profit before interest and tax would be significantly lower. last year, the reason was a decline in sales in china, its largest market. the stock price fell 8% that day.

on september 10, the bmw group also lowered its performance guidance for fiscal year 2024. the stock price plummeted by more than 11% that day, hitting a new low in the past two years. bmw group cited technical problems that have halted production of some cars, as well as continued weak demand in key asian markets. the german luxury carmaker said in its latest announcement that it expects its ebit margin to be between 6% and 7% in 2024, compared with the previously announced forecast range of 8% to 10%.