After the luxury auto manufacturer's battery vehicle deliveries more than doubled during the first half of the year
BMW AG is increasing expenditure on its electric vehicle deployment.
As a result of the level of consumer interest in EVs
As a result of the level of consumer interest in EVs, BMW is "investing more than originally planned in the global ramp-up of e-mobility,
According to Chief Financial Officer Walter Mertl
The amount spent on development during the second quarter increased by almost a fifth, reaching €1.84 billion ($2 billion).
In the first half, sales of battery-powered vehicles accounted for around 13% of total deliveries
Driven mostly by interest in popular models like the i4 sedan and iX3 SUV.