BMW hits 2023 sales target, on track for EV goals in 2024
BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15 per cent share of battery-electric vehicles, the carmaker said on Tuesday (Jan 9).
Fourth quarter sales reached 718,778 cars, up 10.3 per cent from last year’s figures, with total annual sales up 6.5 per cent. The US saw the highest sales growth over the year at 9.4 per cent to nearly 396,000, while China sales grew the slowest at 4.2 per cent to 824,932.
BMW is “confident” it can maintain its battery-electric sales trajectory next year, the company said.
The carmaker said in November its order book was filled into the first few months of next year, with executives adding they saw no need to cut prices as some rival automakers have.
It is due to report full-year results on Mar 21.
Its third quarter results showed a 10.3 per cent margin on earnings before interest and taxes for the year in its car division, in line with its nine – 10.5 per cent forecast. REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources
China’s electric cars keep improving, a worry for rivals elsewhere