/PRCWT/Beijing, December 04, 2023 - BMW Group recently announced that its cumulative sales of new energy vehicles in the Chinese market have exceeded 300,000 units, a milestone that marks important progress in BMW's electrification transformation in China. According to the latest data, in the first 10 months of this year, BMW's pure electric models in the Chinese market sales of more than 78,600 units, an increase of 211%, this achievement is remarkable.
Behind this success, not only highlights the BMW Group's firm determination and strategic layout for the new energy vehicle market, but also demonstrates the growing demand and acceptance of new energy vehicles in the Chinese market. As a representative of luxury car brands, BMW has won the wide favor of consumers with its excellent performance, innovative technology and environmental protection concept.
In the second half of this year, BMW Group's third domestic pure electric model, the BMW iX1, was put into production in Shenyang, marking a new stage of BMW's electrification process in China. The upcoming domestic BMW i5 next year will further promote BMW's competitiveness in the new energy vehicle market. According to BMW's plan, pure electric models will be its main sales growth this year, and it is expected that pure electric models will account for 15% of the group's total annual global deliveries.
However, BMW's goal is not limited to short-term sales growth. In the longer term, the BMW Group plans to start production of new-generation models in the second half of 2025 and in Shenyang, China, in 2026. This plan will paint a more ambitious blueprint for BMW's electrification transformation. In the future, BMW will also launch six models based on the new platform, covering all market segments, to help achieve the group's goal of delivering more than 10 million pure electric vehicles by 2030.
This ambitious plan not only highlights BMW's leading position in the field of new energy vehicles, but also reflects BMW's deep commitment to the Chinese market. As one of BMW's largest markets in the world, China is of critical importance to BMW's strategic development and electrification transformation.
The Chinese government's strong support for new energy vehicles and increasingly strict environmental protection policies provide a huge market opportunity for international auto brands such as BMW. The acceptance and demand of Chinese consumers for new energy vehicles is also growing, which provides a broad development space for BMW and other brands.
The BMW Group has a clear strategic plan for the future and will continue to work on developing and promoting new energy vehicles in order to achieve sustainable mobility. Through continuous technological innovation and product optimization, BMW will further consolidate its leading position in the luxury new energy vehicle market.
Overall, the BMW Group's electrification transformation in the Chinese market has achieved remarkable results. The cumulative sales of 300,000 new energy vehicles is an important milestone, indicating that BMW's strategic layout in China has achieved substantial results. In the future, we have reason to expect BMW to make greater breakthroughs and achievements in the field of new energy vehicles.
