Bayerische Motoren Werke AG (abbreviated as BMW) is a German multinational automaker. It mainly manufactures luxury automobiles, motorcycles, and OEM parts. The company is headquartered in Munich, Bavaria, Germany. The production output of the company was over 2 million cars. And motorcycles were sold by over one hundred thousand in 2021. It has about 118, 909 employees. It was established in 1916. It was originally an aircraft engine manufacturer. It was initially known for streamlined biplane reconnaissance aircraft. The predecessor corporation was called BFW.
In 1918, its name was changed to BMW. Then it went public. In 1923, the first BMW motorcycle was introduced. The R32 motorcycle with the trademark was first sold in the market. In 1928, BMW acquired Eisenacher MotorenWerk and began producing automobiles. Later, it brought to market many vehicle masterpieces. It's one of the most pivotal cars that appeared in 1933. The important model was BMW 303. And it started two traditions that the venture has maintained to this day. First, it was the first BMW car with an inline six-cylinder engine. And second, it was the first car to feature the famous "twin-kidney" grille at the front. And then the legend of the make's serial production of automobiles was born. In 2008, the Group sold approximately 1.4 million vehicles. In the same year, the Group's annual sales would exceed 50 billion euros. On October 11, 2018, BMW spent 3.6 billion euros to increase its 25% stake in BMW Brilliance. On March 4, 2020, the venture's new all-electric concept car was launched.
In addition to selling cars and motorcycles, the Group has also acquired several foreign companies. The Group is currently the owner of MINI and Rolls-Royce brands. It delivered a total of 252,514 vehicles worldwide in 2021. Among them, 328,314 were new energy vehicles, accounting for 13%. The corporation is one of the top luxury automobile manufacturers in Germany. The design of its logo is taken from the state flag of Bavaria, a German state. The current BMW President talked about the origin of its logo. BMW's headquarters is in Munich, Bavaria, Germany. And the state flag is blue and white. Also, its full name is Bavarian Engine Company. So the logo of BMW represents Bavaria and the most exquisite engine technology in Germany.
Drivers can shop for genuine parts, accessories, and lifestyle items online. All parts are tested and certified by BMW engineers. The OEM parts can ensure safety in every situation. And 24-month guarantee without any run limit is granted for OEM parts. It has many performance parts. For example, it has 4X wheel type air valve caps dust covers, and LED door projector slides.