BMW AG’s earnings plunged 23% in the first quarter as intense competition in China pushed sales in its biggest single market to a five-year low.

BMW has reported a 25 per cent fall in earnings as it adjusts to new global tariffs and stiff competition in the Chinese ... the cars it sells in Europe from China.

Yet, intense competition in China from local producers led by BYD Co. continues to weigh on BMW’s performance in the world’s biggest EV market. The manufacturer’s sales in China fell 17% in the first ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

BMW’s pure electric Mini also sells from ... Nio, one of China’s largest EV players by sales, has been fighting rising price competition in China by launching cheaper models this year, having ...

The IPO had raised HK$35.7 billion ($4.6 billion) according to a company filing, reportedly making it the largest global ...