Sales of BMW and mini battery electric vehicles (BEVs) more than doubled year-on-year and reached 215,755 units in 2022, the BMW Group said on Tuesday.
“We are confident we can build on this success in 2023.
“This is as we continue to see high order intake for our fully-electric models,” BMW AG Board member, Pieter Nota, said in a statement.
Total car sales, however, fell by 4.8 per cent to just under 2.4 million units last year.
This is despite record sales of the luxury brand Rolls-Royce.
The sales of the BMW core brand dropped 5.1 per cent to 2.1 million units.
The sales of BMW and mini cars in the European home market decreased by 7.5 per cent to 877,369 units last year.
At the same time, 791,985 cars were sold in China, BMW’s largest single market.
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The carmaker is “optimistic” for the current year.
The ramp-up of business with electric vehicles would continue, aiming to achieve a 15 per cent share of BEVs in total sales in 2023.
This is up from less than nine per cent last year.
Germany’s car industry has been struggling with global supply chain issues since the start of the COVID-19 pandemic.
According to the ifo Institute for Economic Research, the country’s carmakers were still unable to fill all their orders at the end of last year.
This is due to a shortage of intermediate products.
Production of German carmakers remains almost a third below pre-pandemic 2019 levels.
According to the latest industry figures for 2022, total output rose 11 per cent year-on-year to 3.4 million units. (Xinhua)
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