Daily News Egypt

BMW increases R&D spending on e-cars, autonomous vehicles - Daily News Egypt

Advertising Area




Advertising Area



BMW increases R&D spending on e-cars, autonomous vehicles


German premium carmaker BMW has said it’s investing heavily in the development of new electric cars. Research and development spending on e-mobility was set to reach an all-time high this year, the company reported.Munich based BMW said Wednesday it would raise research and development spending to an all-time high of €7 billion (8.6 billion) this year to bring 25 electrified models to market by 2025.

“Investment will rise by a further high three-digit-million-euro amount year on year, primarily from the ongoing new model initiative as well as continued work on e-mobility and autonomous driving,” the carmaker said in a statement.

Spending on electric and autonomous cars already caused R&D costs to rise by €1 billion last year, reaching €6.1 billion.

SUVs in high demand

BMW’s R&D ratio for 2018 is expected to be between 6.5 percent and 7 percent of sales.

The maker of BMW, Rolls-Royce and Mini vehicles said that despite higher spending it expected group pre-tax profit to come in at over €10 billion in 2018.

The auto manufacturer earlier this month reported a 5.3-percent rise in 2017 operating profit on surging demand for high-margin sports utility vehicles, helping to offset higher research spending.

hg/jd (Reuters, dpa)

Topics: BMW

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2018/03/21/bmw-increases-rd-spending-on-e-cars-autonomous-vehicles/
Breaking News

No current breaking news

Subscribe to the Newsletter List Subscribe by clicking on the Subscribe
Subscribe
Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View