BMW Hits Record Annual China Sales on Luxury Demand, EV Push
- Sales climbed 9% last year, boosted by 70% jump in EVs
- German automaker to release seven NEVs in China this year
This article is for subscribers only.
BMW AG posted record annual sales in China as demand for luxury cars and the automaker’s push into electric vehicles helped overcome challenges posed by the global chip shortage and coronavirus outbreaks.
The German automaker delivered more than 846,000 BMW and Mini cars in 2021 with its Chinese partners, up 9% from the previous year, it said in a statement Thursday. Sales of new-energy vehicles surged 70% to around 48,000 units.