• Tamara O'Flynn

BMW First Quarter Growth

BMW USA News just released the following first quarter information May 7, 2021 ... The BMW Group continued to grow extremely dynamically in the first quarter 2021 – as demonstrated by its outstanding reported figures. The Group is systematically driving its transformation process at a high pace, reaching new milestones in terms of e-mobility, digitisation and sustainability. At the same time, it was able to strengthen its business model in the first quarter of the year and to grow further.


Here's a quick take from the article:

"The first quarter shows that our global business model is a successful one, even in times of crisis. We remain firmly on track for continued sustainable, profitable growth," said Oliver Zipse, Chairman of the Board of Management of BMW AG, in Munich on Friday. "Our strategy is based on retaining a keen focus on providing attractive high-tech products that are destined to shape the changing world of mobility going forward. With this clear vision, we are already developing the next major technological leaps that will continue to fascinate our customers ten years from now.


The main thrust of the Group's work is on digitally connected, sustainable electric mobility. The breakthrough of e-mobility has been expedited by the holistic approach adopted by the BMW Group, driven in particular by the systematic addition of electrified drivetrain technologies to its model portfolio and the target of increasing its sales of fully electric vehicles by an average of more than 50 per cent per year through to 2025. By then, the BMW Group plans to have some two million fully electric vehicles on roads worldwide, also putting it firmly on track from a strategic perspective to achieve the EU's ambitious decarbonization targets by 2030."


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