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BMW electric vehicle sales increased by twofold once again in Q1

Munich. BMW Group: First-quarter BEV sales climb +83.2% to 64,647 units +++ BMW brand: Sales of fully-electric vehicles more than double to 55,979 units (+112.3%) +++ US market up +11.4%, with 89,750 BMW and MINI deliveries.

In the first quarter of 2023, the BMW Group reported a considerable increase in its global sales of fully electric vehicles (+83.2%). In the first three months of the year, the BMW Group delivered 64,647 fully electric BMW and MINI automobiles to consumers. With 55,979 units delivered to customers (+112.3%), the BMW brand was able to more than double its sales of completely electric vehicles in the first quarter.

BMW electric vehicle sales

“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,” stated Pieter Nota, member of the Board of Management of BMW AG. “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 added.

In the first quarter of this year, the BMW Group shipped 588,138 BMW, MINI, and Rolls-Royce vehicles to customers worldwide (a 1.5% decrease). All industries continue to visibly see the consequences of China’s receding coronavirus wave and its effects on the country’s economic climate. Throughout the course of the year, the BMW Group anticipates that the Chinese economy will stabilize. At now, it seems like the American sales position is strong. Sales for the BMW Group in Europe decreased marginally from the prior year, primarily as a result of the export and production restrictions for the Russian market. But, March saw a distinct increasing trend everywhere.

The BMW brand will provide customers with a broad selection of products in the high-end model segment with the introduction of the new BMW 5 Series and the fully electric BMW i5 this year.

Successful Q1 for BMW M crowned by BMW XM launch

BMW electric vehicle sales during the first quarter of 2023 were significantly higher year over year, with a total of 46,430 units sold (+18.9%), indicating that BMW M had a strong start to the year. The highly emotive, completely electric BMW M Performance variant, the i4 M50*, is the key growth driver. The newly released M3 Touring is likewise in great demand. This car, which is the first of its kind, has always been a good idea. The M3 Sedan and the M4, which are well-established on the market and are still in high demand, also played a significant role in the prosperous first quarter.

The BMW Group anticipates strong growth in the high double-digit percentage area of the market, where the company plans to see solid momentum. The BMW Group currently has more capacity for the X family in Spartanburg as a result of the localization of the long-wheelbase variant of the BMW X5 in China.

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