
S&P 500 futures are changed as Wall Street tries to regain footing
June 30, 2022: -Stock futures were mixed on Wednesday morning after the major averages failed at a bounce …
November 4, 2021: -The BMW Group’s sales of electric vehicles grew by 121.4% in the first nine months of 2021, reaching 59,688 units, with the German carmaker stating Wednesday that electric mobility was “becoming an increasingly vital growth driver and success factor” for the company.
In total, the Munich-headquartered firm sold 231,575 all-electric and plug-in hybrid vehicles between January and September, a jump of 98.9%. By comparison, in the third quarter of 2021 alone, Elon Musk’s Tesla says it delivered 241,300 vehicles.
BMW’s electric vehicle figures were contained in an earnings report published Wednesday. Net profit for the third quarter of 2021 amounted to 2.58 billion euros, an increase of 42.4%. Despite deliveries in its automotive segment dropping by 12.2% compared to the third quarter of 2020.
“In the third quarter of 2021, operations were increasingly impacted by supply bottlenecks for semiconductor components,” the company said. “Although this resulted in production volume shortfalls and lower sales volumes during the period from July to September 2021, the impact was more than offset by positive price effects for new and pre-owned vehicles.”
Back on the EV front, the BMW Group wants fully electric vehicles to represent at least 50% of its deliveries by 2030.
BMW is one of several healthy known companies pushing an electrification strategy. In March, Volvo Cars said it planned to become a “fully electric car company” by 2030.
In July, the Volkswagen Group said half of its sales were expected to be battery-electric vehicles by 2030. By 2040, the company said almost 100% of its new cars in major markets should be zero-emission.
This shift to electric mobility comes when significant economies worldwide are attempting to reduce the environmental footprint of transportation.
The U.K., for example, wants to stop the sale of new diesel and gasoline cars and vans by 2030. It will require, from 2035, all latest cars and vans to have zero tailpipe emissions.
Elsewhere, the European Commission, the EU’s executive arm, is targeting a 100% reduction in CO2 emissions from cars and vans by 2035.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
June 30, 2022: -Stock futures were mixed on Wednesday morning after the major averages failed at a bounce …
June 30, 2022: -The Philippines’ incoming finance minister wants to get his county back on a growth path and tackle …
June 29, 2022: -One analyst alerted that the Group of 7 countries needs to brace for a total shutdown of Russian gas pipelines …
June 29, 2022: -On Tuesday, China cut the quarantine period for international travelers, a big step toward reducing Covid …
June 28, 2022: -On Sunday, some Taiwanese holders of Russian Eurobonds have not received interest which is meant to be …
June 28, 2022: -On Sunday, Russia joined its starting major foreign debt default for over a century after a grace time on …