Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

BMW EV sales surge in 3Q

EditorRachael Rajan
Published 10/10/2023, 15:34
© Reuters.
BMWG
-
BMWYY
-

BMW (OTC:BMWYY) (ETR:BMWG) reported a remarkable 79.6% surge in their fully-electric BMW and MINI vehicle sales in Q3 compared to last year.

The automaker saw a remarkable 100.3% year-on-year increase in its Q3 deliveries of fully-electric vehicles, effectively doubling their numbers. This positive trend also extended to the company's overall portfolio, with a total of 621,699 vehicles, comprising BMW, MINI, and Rolls-Royce (OTC:RYCEY), being delivered to customers in the same quarter, reflecting a 5.8% year-on-year rise.

Over the course of January to September, the company achieved a 5.1% growth in total sales, resulting in the delivery of 1,836,563 vehicles.

Additionally, BMW Group projects BEVs to make up a substantial 15% of its 2023 total vehicle sales.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.