By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Muse ArabiaMuse ArabiaMuse Arabia
AR
Notification Show More
Font ResizerAa
  • Home
  • Fashion
    • Accessories
    • Fashion Show
  • Magazines
  • Interview
  • Beauty
  • Jewelry
  • Cars
  • Travel
  • Celebrity
  • Women In Leadership
  • Muse Arabia TV
  • Shop
Reading: High Pace: Electric vehicle sales BMW brand more than double again in Q1
Share
Muse ArabiaMuse Arabia
Font ResizerAa
  • Home
  • Fashion
  • Magazines
  • Interview
  • Beauty
  • Jewelry
  • Cars
  • Travel
  • Celebrity
  • Women In Leadership
  • Muse Arabia TV
  • Shop
Search
  • Home
  • Fashion
    • Accessories
    • Fashion Show
  • Magazines
  • Interview
  • Beauty
  • Jewelry
  • Cars
  • Travel
  • Celebrity
  • Women In Leadership
  • Muse Arabia TV
  • Shop
Follow US
© 2022 Fenix Software. All Rights Reserved.
Muse Arabia > Blog > Cars > High Pace: Electric vehicle sales BMW brand more than double again in Q1
Cars

High Pace: Electric vehicle sales BMW brand more than double again in Q1

Admin
Last updated: July 9, 2024 7:22 pm
By Admin 2 years ago
Share
3 Min Read
BMW
BMW
SHARE

The BMW Group posted significant growth in its global sales of fully-electric vehicles (+83.2%) in the first quarter of 2023. Overall, the BMW Group delivered a total of 64,647 fully-electric BMW and MINI vehicles to customers in the first three months of the year. The BMW brand was able to more than double its sales of fully-electric vehicles in the first quarter, with 55,979 units delivered to customers (+112.3%).

“Our strong product lineup continues to inspire our customers worldwide. Our fully-electric vehicles, in particular, are benefiting from high demand around the globe. We were therefore able to maintain the dynamic pace of our electromobility ramp-up in the first quarter,” said Pieter Nota, member of the Board of Management of BMW AG, responsible for Customer, Brands, Sales. “The BMW Group is on track for slight sales growth in the full year 2023. The main growth drivers in 2023 will be fully-electric vehicles and models from the high-end premium segment – like the new BMW i7*, the new BMW 7 Series, the BMW XM* and the updated BMW X7,” Nota continued.

The BMW Group delivered a total of 588,138 BMW, MINI and Rolls-Royce vehicles to customers worldwide in the first quarter of this year (-1.5%). The aftereffects of China’s receding coronavirus wave and its impact on the economic environment are still clearly being felt across all industries. The BMW Group expects the Chinese economy to stabilise over the course of the year. The sales situation in the US currently appears to be robust. In Europe, BMW Group sales were down slightly on the previous year, mainly due to the export and production ban for the Russian market. However, a clear upward trend was evident worldwide in March.

With the prospect of profitable growth in what remains a challenging business environment and with a very dynamic increase in sales of electric vehicles, the BMW Group is confident about the year 2023. This is underpinned by a strong order book overall. The BMW Group expects slight growth in deliveries to customers worldwide in the Automotive Segment in 2023.

The BMW Group also expects to see positive momentum at the top end of the market – where the company is planning for growth in the mid-double-digit percentage range. Due to localisation of the long-wheelbase version of the BMW X5 in China, the BMW Group now also has additional capacity for the X family in Spartanburg.

TAGGED:#musearabiaLuxurymagazineonline
Share This Article
Facebook X Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Audemars Piguet Code 11.59 by Audemars Piguet Ultra-Complication UNIVERSELLE
Next Article Hadia Ghaleb Label Hadia Ghaleb Label Unites Two Fashion Capitals For Its Spring-Summer 2023
Leave a Comment
Muse ArabiaMuse Arabia
Follow US
© 2023 GMS. All Rights Reserved.
  • Privacy Policy
  • Contact Us
  • About Us
newsletter
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
Zero spam, Unsubscribe at any time.
adbanner