BMW, a German multinational manufacturer of luxury vehicles and motorcycles headquartered in Munich, has been investing in progress and innovation throughout the years. In the fiscal year of 2023, BMW was the leading luxury car brand worldwide with 2.55 million vehicle deliveries. As the road vehicle and transportation industry shifts towards electrification, autonomy, and mobility, BMW has also expanded its electric model lines with the addition of iX and XM in 2023.