BMW’s Q1 23 results were a mixed bag of positive signs amidst an industry stunned by the threat of a price-war. Pricing remained very strong on the back of high-end models while the BEV ramp-up kept BMW among the front-runners of the EV transition. No changes were made to the reachable guidance with better-than-expected Automotive profitability suggesting that the base case scenario is moving towards the upper-half of the guidance.
