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03 Aug
18:27

BMW Group boosts profitability amid strong EV demand

BMW Group posted on Tuesday a net profit of €7.62 billion ($9.04 billion) in the first half of 2021, up from €262 million in the same period last year, Kallanish reports. The German carmaker company says the strong profitability follows the continued robust demand for its brands, despite the headwinds of the pandemic and semiconductor supply shortage. Total sales of electrified vehicles more than doubled in the period reaching 152,243 units – a …
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