Key facts: BMW converts prefs; warns on demand/margins; iX5 US-built

BMW converted ~55M non‑voting preferred shares to voting ordinary shares 1:1; conversion processed Jul 1–3, 2026. Free float rises ~19%, share capital ~€616M, now all ordinary voti

BMW converted ~55M non‑voting preferred shares to voting ordinary shares 1:1; conversion processed Jul 1–3, 2026. Free float rises ~19%, share capital ~€616M, now all ordinary voting shares.
BMW warns of soft US EV demand, weaker China sales and inflation squeezing margins, and federal EV incentive changes impacting volumes — factors pressuring near‑term profits and cash flow.
BMW will build the iX5 EV in the U.S. starting late 2026 and add at least five more U.S.-made EV models by 2030; CEO calls U.S. a key operations hub.
BMW has used aluminium conductors since 2011, expanding them into hybrids and EVs. With 6th‑gen eDrive rollout, BMW now uses many aluminium cables in high‑ and low‑voltage systems.