BMW Group, which includes the BMW Motorrad and MINI brands, discussed the 2020 fiscal year and its future goals with an online press conference.
BMW Group’s investments in electric mobility have been one of the most important growth factors for the brand in 2020, with 192,662 electric BMW and MINI cars sold worldwide.
Electric car sales increased by 31.8 percent compared to the previous year, all-electric versions increased by 13 percent and Plug-In Hybrid engine versions increased by 40 percent.
It will be released in 5 models by the end of 2021
In Europe, the proportion of total deliveries of electric cars increased by 15 percent. Following its launch in China in autumn 2020, the new BMW iX3 is coming out in Europe.
A total of five electric models will be available by the end of the year, along with the BMW i3, the new MINI Cooper SE and the upcoming BMW i4 and BMW iX.
Given the rapid development of electrification, the BMW Group, which envisages the elimination of up to 50 percent of the engine variants used today by 2025, is also continuing its investments to reduce the complexity of its model portfolio and increase purchasing and production efficiency.
In the fourth quarter alone, deliveries from BMW, MINI and Rolls-Royce were 686,277 units, while total BMW Group sales for 2020 were 2,325,179 units. BMW Group recorded 7.4 percent growth with sales of 778,412 units in its largest market, China, while electric car deliveries in the global market rose nearly 32 percent to 192,662 units.
The performance in the second half of the year proved how strong bmw group is despite all the challenges, said Oliver Zipse, Chairman of BMW AG; “By putting all our strengths together, we soon overcame weeks of plant closures and nationwide restrictions. We start 2021 with the revived and strong winds behind us. As the world’s leading premium car manufacturer, we are following a clear roadmap for mobility transformation that will ensure our continued success.”