BMW sales up slightly in Q1 as carmaker hits electric milestone
GERMAN carmaker BMW reported a slight boost in first-quarter sales on Wednesday (Apr 10), driven partially by demand for electric cars, as it hailed the delivery of its millionth fully-electric vehicle in a milestone for the company.
BMW delivered a total of 594,671 vehicles in the first quarter, a year-on-year rise of 1.1 per cent, according to a statement from the company.
Sales of electric vehicles were at 82,700 during the first three months of the year, representing a 27.9 per cent year-on-year increase.
In March, BMW said it expected its spending on the transition to fully-electric models to peak in 2024.
The group expects deliveries of fully electric and premium vehicles to drive a slight increase in automotive deliveries for 2024, it said. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford’s BlueCruise probed by regulators after fatal crashes
China’s BYD shows effects of price war with weaker first-quarter earnings
Maersk unit worth more than US$1 billion set to trade in spinoff
China State Shipbuilding to build 18 LNG ships for QatarEnergy
Tesla clears key regulatory hurdles for self-driving in China during Musk’s visit
US lawmakers strike deal to boost aviation safety, will not hike pilot retirement age