BERLIN (Reuters) – BMW forecast on Wednesday an 8-10% margin for its autos segment in 2023 and said it plans to keep prices at a stable level, after years of dealing with rising costs by passing them onto customers.
The premium carmaker said its transition to battery-electric vehicles was moving faster than planned and that it expects for one in four new sales to be battery-electric by 2025.
“BMW expects to reach more than 50% BEV share well ahead of 2030,” its statement said.
(Reporting by Victoria Waldersee; Editing by Paul Carrel)
