BMW sales up slightly in Q1 as carmaker hits electric milestone

-German carmaker BMW reported a slight boost in first-quarter sales on Wednesday, driven partially by demand for electric cars, as it hailed the delivery of its millionth fully-electric vehicle in a milestone for the company.

BMW delivered a total of 594,671 vehicles in the first quarter, a rise of 1.1% on the same time last year, according to a statement from the company. Sales of electric vehicles were at 82,700 during the first three months of the year, representing a 27.9% year-on-year increase.The group expects deliveries of fully electric and premium vehicles to drive a slight increase in automotive deliveries for 2024, it said.

China EV price war: Tesla rival Li Auto says cheapest model yet to 'bring you happiness', will launch next week Li Auto, Tesla's nearest rival in mainland China, plans to launch a new, more economical model aimed at families amid a price war in the country's electric vehicle market. The mid-sized, five-seater Li L6 sport-utility vehicle will be priced below 300,000 yuan , the carmaker said, adding that it will unveil prices during a launch event on April 18.

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Statistics Canada reports retail sales down in January as new car sales fellOTTAWA — Statistics Canada says retail sales fell 0.3 per cent to $67 billion in January as sales at new car dealers dropped. Overall retail sales were down in three of nine subsectors as sales at motor vehicle and parts dealers fell 2.
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