RE: BMW sees Q3 surge in battery-electric vehicle sales11 Oct 2023 14:14
The BMW Group reports 621,699 global vehicle sales during the third quarter of 2023, which is almost six percent more than a year ago. Also, the year-to-date results are several percent better than a year ago.
Results last quarter and year-to-date:
BMW sales: 549,941 (up 6%) and 1,621,267 (up 6%)
Mini sales: 70,384 (up 3%) and 210,741 (up 1%)
BMW Group Automotive sales: 621,699 (up 6%) and 1,836,563 (up 5%)
Meanwhile, BMW Group battery electric vehicle (BEV) sales in Q3 increased by nearly 80 percent year-over-year to a new record of 93,931. This accounted for 15.1 percent of the total volume (compared to 8.9 percent a year ago).
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.
https://uk.investing.com/news/stock-market-news/bmw-ev-sales-surge-in-3q-432SI-3185246