BMW mentioned that whereas it was nonetheless in a position to supply some components from western Ukraine and was partaking suppliers in different areas worldwide to maintain up manufacturing, additional manufacturing interruptions had been to be anticipated in coming weeks.
The automaker had anticipated to ship a good greater variety of autos this yr, however now expects to be on par with 2021. BMW bought a report 2.52 million autos final yr regardless of semiconductor shortages, and had a 10.three p.c EBIT margin for 2021, its highest since 2017.
BMW mentioned the warfare in Ukraine made it troublesome to present correct steering for 2022 and that it couldn’t issue any potential long-term implications into its forecast.
“We’re optimistic we are able to mitigate the wire harness shortages,” CEO Oliver Zipse mentioned in an interview with Bloomberg Tv. BMW has greater than a single provider in Europe and is ready to deal with the state of affairs, he mentioned.
The corporate mentioned it doesn’t see the semiconductor shortage bettering till the second half, an issue that has idled manufacturing traces for the trade throughout the globe.
BMW mentioned it expects 15 absolutely electrical fashions to be in manufacturing this yr, together with some in pre-production, and it highlighted the rollout of the brand new i7 luxurious sedan.
The corporate additionally mentioned it’s growing new battery expertise and will ship early on its goal of getting absolutely battery-powered autos making up half its international gross sales by 2030.
BMW beforehand mentioned that it expects gross sales of absolutely electrical autos to double in 2022, as the corporate’s i4 coupe and iX SUV go on sale in main markets.
General earnings for BMW, together with its finance and motorbike segments, ought to enhance considerably this yr, the corporate mentioned, helped by the total consolidation of its Chinese language BMW Brilliance three way partnership.
BMW obtained approval from Chinese language authorities in February to lift its stake within the enterprise with Brilliance China Automotive Holdings to 75 p.c from 50 p.c, one of many first Western automakers to learn from the enjoyable of China’s overseas possession guidelines. The inclusion can have a constructive impact of between 7 billion euro ($7.7 billion) and eight billion euro on group earnings earlier than taxes.
BMW Chinese language enterprise assembles BMW-branded fashions on the market domestically and the all-electric iX3 SUV, which can also be exported to international markets.