Hyperdrive
BMW Says Sales Drop 20% in Second Quarter Despite EV Surge
- Deliveries fell 28% in China, hindered by Covid lockdowns
- EV sales more than doubled in first half, on course for target
A BMW AG iX electric SUV.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
BMW AG said sales declined nearly 20% in the second quarter even as electric-vehicle deliveries surged in the same period.
The Munich-based carmaker said Friday its sales dropped to about 563,536 BMW, Mini and Rolls Royce vehicles, including a 28% decline in China. In Europe and the US, sales fell by about one-fifth.