- bmw (Bavarian Motor Works ADR) BMWJJ said it recorded 588,138 vehicle deliveries in the first quarter, down 1.5% year over year.
- The company announced that the after-effects of the end of the coronavirus wave in China and its effects on the economic environment are still clearly being felt across all sectors.
- The group’s global sales of all-electric vehicles increased by 83.2% year-on-year to 64,647 vehicles.
- Sales in China fell 6.6%, Europe fell 1.9% and US sales rose 11.4%.
- With 55,979 deliveries to customers, the BMW brand more than doubled sales of all-electric vehicles in the first quarter.
- also read: BMW plans to reduce battery costs through recycling and efficient design
- outlook: In the automobile segment, the BMW Group expects slight growth in deliveries to customers worldwide in 2023.
- With the prospect of profitable growth in a challenging business environment and a very dynamic increase in sales of electric vehicles, the BMW Group is looking to 2023 with confidence.
- “The BMW Group is on a slight growth in sales for the full year 2023. In 2023, growth drivers will primarily be fully electric vehicles and models from the upper premium segment – such as the new BMW i7*, the new BMW 7 Series, the BMW XM* and the revised BMW X7,” said Pieter Nota, Member of the Board of Management of BMW AG. responsible for customer, brands, sales.
- price action: BMWYY shares closed up 0.25% at $35.99 on Monday.
- Photo via company
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