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BMW CEO Doubts Tesla Can Keep Up Growth as Industry Responds

  • Zipse says automakers are ‘moving ahead big time’ with EVs
  • Tesla expects more than 50% increase in deliveries this year
Oliver Zipse
Oliver ZipsePhotographer: Chris Ratcliffe/Bloomberg
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Tesla Inc.’s years-long dominance of electric-car sales may soon end as traditional automakers introduce a slew of new battery-powered models, BMW AG’s chief executive officer said.

The electric-car maker delivered almost 500,000 vehicles last year, up 36% from 2019. While that growth in the midst of a global pandemic sent Tesla shares soaring, BMW CEO Oliver Zipse said Monday that established automakers are countering with more EV offerings.