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BMW aiming for quarter of China sales to be electric vehicles by 2025 Auto Shanghai show in Shanghai SHANGHAI (Reuters) – German automaker BMW is aiming for a quarter of its sales in China to be pure battery electric vehicles by 2025, its China chief Jochen Goller said on Monday. Around 4% of BMW China sales were electric vehicles last year. Goller was speaking to reporters at the 2021 Shanghai Auto Show. He said BMW will have 12 electric models for sale in China by 2023. BMW has said it expects half of its sales globally to be fully-electric models by 2030. Goller added BMW is lookin...

VW, Ford unveil new SUVs at the Shanghai Auto Show AP, SHANGHAI Volkswagen AG, Ford Motor Co and Chinese brands yesterday unveiled new sports utility vehicles (SUVs) for China’s growing market at the Shanghai Auto Show, the industry’s biggest marketing event in a year overshadowed by the COVID-19 pandemic. Automakers are looking to China, the biggest auto market by sales volume and the first major economy to rebound from the pandemic, to propel a sales revival and reverse multibillion-dollar losses. Auto Shanghai takes place under anti-virus controls that included holding some news confe...

By Norihiko Shirouzu and Yilei Sun SHANGHAI (Reuters) -A global shortage of semiconductors is hitting autos production in China, jeopardising hopes the world's biggest car market might spearhead a recovery in the sector, industry executives warn. Automakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery from the coronavirus pandemic. Volkswagen AG, China's biggest foreign automaker which hopes to sell over four million vehicles in the country, said the situation ...

BMW bets on its EV sales growing 20% in China by 2025 And not just that. 12 new electric models are coming by 2023 Over the next 4 years, BMW expects that 25% of its sales in China will be made up of by EVs. This is an ambitious increase of 21%, compared to last year. BMW’s China Chief, Jochen Goller, revealed the German marque’s goal during the 2021 edition of Auto Shanghaitoday, Reuters reports. He also announced that BMW will launch 12 electric models in China by 2023.  BMW, said Goller, is examining the possibility of expanding its production in China, although nothing is ce...

The Globe and Mail Norihiko Shirouzu and Yilei Sun SHANGHAI Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer A global shortage of semiconductors is hitting autos production in China, jeopardising hopes the world’s biggest car market might spearhead a recovery in the sector, industry executives warn. Automakers around the world have had to adjust assembly lines due to the shortages, caused b...