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BMW EV Sales Surge Even as Rivals Struggle With Weak Demand
- Overall sales grew in Europe and US, declined in China
- EV’s share of total European car sales is flattening
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BMW AG’s sales of fully electric vehicles at its core brand surged in the first quarter, outperforming rivals like Tesla and Volkswagen, which have struggled to cope with faltering demand.
Customer deliveries of battery-powered models such as BMW’s i4, iX1 and i7 jumped 41% in the three months through March compared to the same period last year, the company said Wednesday. The results helped group EV sales rise by 28%.