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The sales of pure electric vehicles of the BMW Group’s core brand increased significantly in the first quarter, sending a positive signal to Europe’s weak electric vehicle market.
Deliveries of battery-powered models such as the i4, iX1 and i7 increased by 41% year-on-year, helping the group’s overall electric vehicle sales increase by 28%. BMW is leapfrogging rivals in its transition to electric vehicles, which accounted for about 15% of total deliveries last year and is expected to rise to 20% this year.
However, the Chinese market faces fierce competition. Sales of BMW and Mini brand cars in China fell by 3.8% in the first quarter, while deliveries in Europe and the United States increased.
(Source: Bloomberg Image source: unsplash)
