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China auto price war: BMW dealers offer discounts of up to $14,360 for i3

CN EV Post

A rare price stampede is taking place in the Chinese auto market. Image from BMW China Weibo) As a large number of car companies in China are offering huge subsidies or price cuts, BMW is offering more than 100,000 yuan ($14,360) off its all-electric model, the i3, according to local media.

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BMW EV sales skyrocket in 2022, spur further growth in 2023

Teslarati

According to BMW 2022 sales data, the premium German automaker more than doubled its EV sales during the year compared to 2021. BMW has received significant criticism for falling behind in the electrification of its lineup, and its German stock offering has suffered the consequences. to 215,775 units globally.

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Tata Tech and BMW Group form JV to develop auto software and IT solutions – ET Auto

Baua Electric

This collaboration between Tata Technologies and BMW Group represents a shared vision of innovation and excellence in automotive engineering and digital solutions. In business IT, the emphasis will be on digitalization and automation of product development, production and sales.

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BMW may implement a Tesla-esque direct to consumer sales model

Teslarati

BMW Group is considering implementing a direct-to-consumer sales model for their MINI and BMW brands. The system is far from finalized, and the Finance Chief clarified that the auto group is currently in talks with dealers. BMW would also likely face the issue of reduced brand exposure.

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Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. This is despite the near-constant supply shortages that have plagued (and continue to plague) the auto industry, notably in Europe. MBG stock chart by TradingView.

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India share of BMW Motorrad’s record sales in 2023 grows to over 4% | Autocar Professional

Baua Electric

BMW Group India, which registered its best-ever calendar year-to-date sales in CY2023 , continues to see its two-wheeler arm – BMW Motorrad India – maintain the strong momentum it has delivered since the past few years. BMW Motorrad India sold a record 8,768 units in CY2023, a YoY growth of 20 percent.

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NIO ET5 ranks 7th in top-selling premium sedan list in China with 6,437 Mar sales

CN EV Post

The models ahead of the ET5 are all from German luxury automakers Mercedes-Benz, BMW and Audi. | NIO US | NIO HK | NIO SG The ET5, which has been the main seller for NIO (NYSE: NIO) in recent months, saw its position unchanged in a premium sedan ranking last month. With 6,437 retail sales in March, the ET5 ranked No.

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