BMW Shares Rise After H1 Electric Vehicle Sales Surge

After the German luxury carmaker stated that EV demand surged in the first half of the year despite a decline in group-wide sales, BMWG shares increased by more than 2%.

The Munich-based company reported that during the same period, sales of its all-electric vehicles increased by 110.3 percent to a total of 75,891.

The company's emphasis on advancing electromobility is shown by this growth, which also supports the great demand for its all EV among customers around the world, says BMW.

BMW, whose brands include MINI and Rolls-Royce Motor Cars, also said it was still on track to double sales of its all-electric vehicles this year.

BMW reported overall sales of 565,536 vehicles in the second quarter, a fall of roughly 20% year over year across the entire company.

Sales decreased by 13.3% during the course of the first half to a little over 1.16 million units.

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