Stock Market News

BMW Shares Rise After H1 Electric Vehicle Sales Surge

2022.07.08 14:56

BMW Shares Rise After H1 Electric Vehicle Sales Surge

By Scott Kanowsky 

Investing.com — Bayerische Motoren Werke AG (ETR:BMWG) shares rose by more than 2% on Friday after the German luxury carmaker reported a surge in electric vehicle demand in the first half of the year despite a slump in group-wide sales.

The Munich-based company said sales of its all-electric models totaled 75,891 during the period, a jump of 110.3%.

“This growth underlines the company’s focus on ramping up electromobility and confirms the high desirability of its pure electric models among customers worldwide,” BMW said in a statement.

BMW – whose brands include MINI and Rolls-Royce Motor Cars – added that it remains on track to meet its target of doubling sales of its fully-electric cars this year.

However, across the entire group, BMW posted a nearly 20% year-on-year decline in total sales in the second quarter to 565,536 cars. Over the entire first half, sales slipped by 13.3% to a little more than 1.16 million units.

BMW board member Pieter Nota also warned that the market environment remains “challenging” due to semiconductor supply shortages, COVID lockdowns in China, and the war in Ukraine.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 103,485.73 0.50%
ethereum
Ethereum (ETH) $ 2,388.21 1.68%
tether
Tether (USDT) $ 1.00 0.03%
xrp
XRP (XRP) $ 2.38 0.68%
bnb
BNB (BNB) $ 652.06 2.38%
solana
Solana (SOL) $ 169.27 2.06%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.223283 7.42%
cardano
Cardano (ADA) $ 0.791956 0.35%
tron
TRON (TRX) $ 0.259759 1.50%
staked-ether
Lido Staked Ether (STETH) $ 2,384.32 1.71%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,562.75 0.59%
sui
Sui (SUI) $ 3.86 2.95%
chainlink
Chainlink (LINK) $ 16.10 0.79%
avalanche-2
Avalanche (AVAX) $ 24.13 2.51%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,868.59 1.39%
stellar
Stellar (XLM) $ 0.300094 0.39%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 3.06%
hedera-hashgraph
Hedera (HBAR) $ 0.205261 2.19%
hyperliquid
Hyperliquid (HYPE) $ 25.18 1.02%
the-open-network
Toncoin (TON) $ 3.35 1.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 415.74 0.00%
leo-token
LEO Token (LEO) $ 8.74 0.09%
usds
USDS (USDS) $ 1.00 0.01%
polkadot
Polkadot (DOT) $ 5.06 7.82%
litecoin
Litecoin (LTC) $ 100.98 2.30%
weth
WETH (WETH) $ 2,391.57 1.98%
monero
Monero (XMR) $ 317.85 5.18%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,551.25 1.71%
bitget-token
Bitget Token (BGB) $ 4.74 5.34%
pepe
Pepe (PEPE) $ 0.000013 0.40%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998388 0.14%
pi-network
Pi Network (PI) $ 0.718125 3.09%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 103,584.75 0.68%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
whitebit
WhiteBIT Coin (WBT) $ 30.29 0.02%
uniswap
Uniswap (UNI) $ 6.56 3.37%
bittensor
Bittensor (TAO) $ 439.04 2.26%
near
NEAR Protocol (NEAR) $ 2.93 0.19%
aptos
Aptos (APT) $ 5.69 0.10%
dai
Dai (DAI) $ 1.00 0.02%
aave
Aave (AAVE) $ 216.90 3.29%
okb
OKB (OKB) $ 54.34 0.71%
ondo-finance
Ondo (ONDO) $ 1.02 1.06%
susds
sUSDS (SUSDS) $ 1.05 0.04%
ethereum-classic
Ethereum Classic (ETC) $ 19.34 0.98%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
internet-computer
Internet Computer (ICP) $ 5.44 2.50%
crypto-com-chain
Cronos (CRO) $ 0.10054 0.91%
official-trump
Official Trump (TRUMP) $ 13.83 3.34%