BMW cautiously optimistic on 2023, EV targets ahead of schedule ...Middle East

BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday. The carmaker forecast slightly higher deliveries and an 8-10% margin for the year, up from its 7-9% target in 2022, but cautioned that it still expected high costs from supply chain troubles and had not factored a deep recession in its key markets into its outlook.

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