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BMW posts impressive EV sales growth amid unfavorable market conditions

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Ro, 10 October 2024

BMW

The EV market has had a bumpier year than usual, but BMW continues to make gains in various markets around the world. The company showed strong EV growth in the first half of this year and even managed to edge out Tesla in Europe in July this year. And the latest sales report from BMW spanning between January and September 2024 shows a continuation of the positive trend.

BMW shows an impressive EV sales growth amid unfavorable market conditions

The whole BMW group, including Mini and Rolls Royce, made 19.1% more EV sales in the first nine months of 2024 compared to 2023, with 294,054 units sold. Of that, 266,151 vehicles are BMW-branded, representing 22.6% growth for the brand alone. Conversely, Mini saw an even bigger growth - 54.3% with 16,536 EVs delivered. BMW points to the BMW iX1 and BMW i4 as top-performers.

The company highlights its particularly strong demand in Europe, namely Italy, France and the UK. It recorded a healthy 7.6% growth by delivering 577,803 vehicles in total. About 121,844 of those are EVs, representing a 35.8% growth in the region.

The rest of the lineup didn't do so well and BMW Group's total sales declined 4.5% globally compared to last year's 9-month period. That's because of the delivery stops with the Integrated Braking System on some of its cars in the third quarter and declining sales in China. Keep in mind that China is the biggest market for BMW and other renowned European car manufacturers.

Source

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Reader comments

S
  • Sinnaoi
  • M8r
  • 14 Oct 2024

You are right. Like I said, I feel that European politicians shouldn't care for profit in China but for jobs in Europe. Still I also have the feeling that there are many other factors influencing those decisions. Like lobbying from the industry ...

  • Reply
?
  • Anonymous
  • CS@
  • 13 Oct 2024

i never confirmed vietnam. only thing i can say is that the company i work for is industry related. we do business with both china/east asia and eu countries. europe experiencing economic contraction is also bad news for us. not to mentio...

  • Reply
?
  • Anonymous
  • pU%
  • 13 Oct 2024

Yes, it's interconnected. West calls It globalization. The best thing ever, until they started to lose the advantage in technological know-how and being expensive for production was another disadvantage. Also financial crisis in 2007/08 and Covi...

  • Reply
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Total reader comments: 25

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