StockWatch: BMW Taking on EV Industry
Volkswagen has signaled deliveries on 1m electric and hybrid vehicles in 2021, almost a five-fold increase from 2020.
This is a very promising statement as Tesla is only forecasting a 50% growth in deliveries for the same period.
BMW recently released a new electric car. However, the chairman Oliver Zipse has not completely ruled out manufacturing petrol engines just yet.
But he did state that if there were no buyers for these gas-powered cars, then they would stop producing them entirely.
- VOWG 03:50
- BMWG 04:30