BMW reported a 257% YoY surge in Q3 net profit to 1.7 billion euros ($1.84 billion), despite revenue dipping slightly to 32.3 billion euros ($34.9 billion). The automotive division achieved a 5.2% operating margin, up from 2.3%. However, U.S. and EU import tariffs reduced automotive margins by 1.8 percentage points. While BMW’s new-generation electric vehicles, particularly the iX3 SUV, have shown strong order performance, the company continues facing intense competition in China from local competitors such as BYD and Xiaomi.