TechBookyBusiness
No Result
View All Result
Friday, July 1, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Earnings

BMW Records Impressive Sales For Its Electric Cars But It Is Still Far Behind Elon Musk’s Tesla

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
November 3, 2021
in Earnings
Share on FacebookShare on Twitter

Electric cars are finding a place in today’s world. Apart from the fact that they save fuel costs, they are also environment-friendly and are just what we need in the time we live in. They, therefore, fit into a time when the world is trying to decrease the negative effect that transportation has on the environment.

Automaker Bayerische Motoren Werke AG, commonly referred to as BMW has recorded some impressive numbers in the sale of its electric vehicle. In the first nine months of 2021, between January and September, the company’s sale of electric vehicles rose by 121.4 percent at a total of 59,688 units sold. Today, the company which is proud of its achievement says that the sale of its electric cars is “becoming an increasingly vital growth driver and success factor” for the company.

BMW is a German multinational corporate manufacturer of luxury vehicles and motorcycles. The company has its headquarters in Munich, Germany and is one of the globally recognized automakers. Between January and September, the total number of all-electric and plug-in hybrid vehicles sold stood at a total of 231,575, a 98.9 percent increase. Although this is an impressive number, the company is still far behind Tesla, one of the biggest electric vehicle makers in the world. In the third quarter alone, the Elon Musk-owned company delivered 241,300 vehicles.

BMW recorded an impressive third quarter with earnings that beat the expectations of analysts. The company saw an increase of 42.4 percent in its net profit. The net profit realized for the quarter stood at 2.58 billion euros, the equivalent of $2.99 billion. This is an impressive figure considering the challenges that automakers have faced these past few months. The company said that “in the third quarter of 2021, operations were increasingly impacted by supply bottlenecks for semiconductor components. 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”.

BMW is pushing its electrification strategy, just like other automakers. The company hopes that electric vehicles would represent at least 50 percent of its deliveries by 2030.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Tesla Sales In China Have Grown To Almost Half Of Sales In The US, A Monday Filing Showed
    Tesla Sales In China Have Grown To Almost Half Of Sales In…
  • Tesla Reports Q3 Earnings That Beat The Expectations The Expectation Of Analysts
    Tesla Reports Q3 Earnings That Beat The Expectations The…
  • American Mobility Company Uber Will Offer Up To 50,000 Tesla Cars To Drivers Through The Tesla-Hertz Deal
    American Mobility Company Uber Will Offer Up To 50,000 Tesla…
  • Elon Musk Says Tesla Will Be Working With Global Regulators On Data Security
    Elon Musk Says Tesla Will Be Working With Global Regulators…
  • Tesla Hits The Brakes On Bitcoin As A Mode Of Payment On Environmental Concerns
    Tesla Hits The Brakes On Bitcoin As A Mode Of Payment On…
  • Tesla Shares Go Up After The Company Posts Record Deliveries
    Tesla Shares Go Up After The Company Posts Record Deliveries
  • Tesla Makes 310,048 Deliveries of Electric Vehicles In The First Quarter Amid Challenges
    Tesla Makes 310,048 Deliveries of Electric Vehicles In The…
  • Ola Electric Valued At $5 Billion After Raising $200 Million In A Funding Round
    Ola Electric Valued At $5 Billion After Raising $200 Million…
Tags: autoBMWearningselectric carssalestesla
Previous Post

ByteDance’s Founder Zhang Yiming Steps Down As Chairman, Following The Company’s Reorganization Plans

Next Post

Egyptian grocery delivery startup Appetito closes $2 million pre-seed funding

Next Post
Egyptian grocery delivery startup Appetito closes $2 million pre-seed funding

Egyptian grocery delivery startup Appetito closes $2 million pre-seed funding

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tech tesla twitter Ukraine whatsapp

Calendar

July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • June Was Bitcoin’s Worst Month On Record After The Flagship Crypto Lost 40 Percent Of Its Value
  • Nigerian Mobility Startup Moove Gets $20 Million From The UK Government’s Development Finance Institution – British International Investment (BII)
  • Morocco Wants To Regulate Cryptocurrencies, Introduces New Crypto Bill
  • South African Fintech Sava Secures $2 Million In Pre-seed Funding
  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus
  • Taiwan’s Central Bank Is Working On A Government-run Digital Currency

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,357.961.00%
  • ethereumEthereum(ETH)$1,059.802.67%
  • tetherTether(USDT)$1.000.31%
  • usd-coinUSD Coin(USDC)$1.000.27%
  • binancecoinBNB(BNB)$215.321.24%
  • Binance USDBinance USD(BUSD)$1.000.27%
  • rippleXRP(XRP)$0.313214-0.14%
  • cardanoCardano(ADA)$0.4467910.12%
  • SolanaSolana(SOL)$32.430.56%
  • dogecoinDogecoin(DOGE)$0.0654070.03%
  • polkadotPolkadot(DOT)$6.72-1.62%
  • Shiba InuShiba Inu(SHIB)$0.000010-1.45%
  • AvalancheAvalanche(AVAX)$16.01-2.55%
  • matic-networkPolygon(MATIC)$0.4562641.08%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....