BMW's history has been full of ups and downs.
Early years: BMW was founded in 1916 as the Bavarian Aircraft Factory (BFW) and focused on building aircraft and engines. However, with the end of the First World War, Germany** banned all aircraft construction except for postal and large transport, and BFW faced bankruptcy.
Transition: In order to survive, BFW began to turn to automotive production. In 1923, BMW introduced its first model, the BMW Dixi 3 15PS. Subsequently, in 1929, the company changed its name to the "Bavarian Motor Plant" (BMW) and introduced its iconic BMW R32 motorcycle, which is widely regarded as one of the most advanced motorcycles in the world.
War and Rebirth: During World War II, BMW produced military aircraft engines and military vehicles primarily for Nazi Germany. After the end of World War II, BMW was dismantled by the Allies, but the company's management decided to rebuild the factory. As the German economy rebuilt, BMW gradually resumed its production.
Boom: Beginning in the 1950s, BMW entered a phase of rapid development. The company launched several influential products, such as the BMW New Class in 1955 (which later evolved into the BMW 1500), which became a symbol of the German economic miracle.
Global expansion: With the prosperity of the economy and the advancement of technology, BMW began to expand globally. Today, BMW has become a world-renowned luxury car brand, producing a series of influential products, such as the BMW 3 Series, 5 Series, 7 Series, etc.
Future outlook: In the face of future challenges and opportunities, BMW continues to invest in R&D and innovation. The company's goal is to make breakthroughs in sustainability, intelligence, and automation to meet the changing needs of consumers.
Overall, BMW's history is one of change and innovation, from war to peace, from start-up to global leader.