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Unexpected Good News: Volkswagen and BMW Report on Their Electric Vehicle Progress

Benzinga LogoBenzinga2w ago

 Unexpected Good News: Volkswagen and BMW Report on Their Electric Vehicle Progress - Benzinga

Quick Summary:

With many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke Aktiengesellschaft (OTC: BMWYY) provided some much-needed optimism on the EV front.

While Volkswagen faced a diminishing EV demand in Europe, Europe’s largest carmaker reported a first quarter success in China where its deliveries of both internal combustion engine and electric vehicles expanded by almost 8% during the first three months of the year.

Helped by price cuts, Volkswagen’s e-offensive is showing results in the world’s biggest car market.


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Article Details

Author / Journalist: Upwallstreet

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-11 @ 10:13:57 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20664427

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 27 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://beamstart.com/news/volkswagen-and-bmw-report-unexpected-1712833061517

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