BMW expects higher margin and deliveries in 2023 amid electric rollout

The company plans to deliver 10 million fully electric vehicles by 2030.

German automaker BMW AG on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year.The company is pushing ahead with the rollout of its battery-electric fleet, and expects to surpass a 50% BEV share ahead of 2030.on Wednesday set out targets to slightly increase margins for its automotive segment and raise deliveries this year, as it pushes ahead with the rollout of its electric fleet.

"A high level of flexibility, combined with our operational performance, proved to be an effective combination for ensuring the success of the BMW Group, even in the face of headwinds and taking advantage of opportunities for profitable growth," Oliver Zipse, chairman of the board of management of BMW AG, said in a press statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

LIVE | 2023 Oscars recap: 'Everything Everywhere' dominates at 2023 Oscars, wins best pictureJoin us LIVE for On The Red Carpet After The Awards, where we’ll be breaking down all the best moments from this year’s Oscars. WATCH TODAY at 10am:
Read more »

LIVE | 2023 Oscars recap: 'Everything Everywhere' dominates at 2023 Oscars, wins best pictureWATCH LIVE: From Lady Gaga's show-stopping performance to an unexpected 'Indiana Jones' reunion, join us as we recap Oscars 95
Read more »

Rio Tinto commences underground production at Oyu TolgoiRio Tinto commences underground production at Oyu Tolgoi. Mine is expected to become the fourth-largest copper mine in the world by 2030. mining
Read more »

Porsche Will Launch a Fully Electric Cayenne SUV Within the Decade, CEO SaysThe brand wants 80 percent of the vehicles it sells to be EVs by 2030.
Read more »

NASA wants new 'deorbit tug' to bring space station down in 2030The agency doesn't want to depend solely on Russian cargo spacecraft to deorbit the ISS.
Read more »

Nissan Aims To Match Electric Car Prices With Gasoline Cars By 2030 | CarscoopsNissan's future hybrid and EV models will achieve price parity with combustion models by 2030
Read more »