BMW Sells 375,000 Electric Vehicles in 2023, 15% of Total Sales
BMW Group has reported a significant milestone in its electric vehicle (EV) production, selling 375,000 purely electric units in 2023. This accounts for 15% of total sales, which reached 2.55 million cars. The company, led by CEO Oliver Zipse, is navigating stock market volatility and industry transformation with strategic programs and partnerships.
BMW Group's success is underpinned by its strong economic management program, headed by Oliver Zipse. The program has enhanced decision-making by increasing meeting frequency and improving data transparency. The company is also addressing industry challenges through collaboration and partnerships, a strategy led by senior vice-president Dr Michael Nikolaides.
The automotive segment achieved an Ebit margin of 9.8% and complied with CO2 regulations, reducing average emissions to 101.2 grams. Despite stock market volatility, BMW Group's supply chain management, led by Michael Nikolaides, is focusing on intelligent demand prediction for its global rollout of the Neue Klasse EV platform from 2026.
BMW Group's 2023 results demonstrate a significant commitment to electric vehicles and strategic management. The company is investing in research and development to drive industry transformation, while also managing stock market volatility and regulatory compliance. With the rollout of the Neue Klasse EV platform, BMW Group is positioning itself for a sustainable future in the automotive industry.
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