BMW Group can count on electric to maintain its growth

 The automotive group - BMW, MINI and Rolls-Royce - has published its financial report for the first half of the year. If the firm has experienced instabilities in recent months, its electrical segment does not seem to know the crisis. A drop in deliveries of -13.4% in the first half of 2022. Penalized by the health and geopolitical context, BMW Group managed to maintain solid growth over the first six months of the year. With turnover increased to 65.9 million euros - +19.1% -, the company was able to end its half-year with pre-tax results up 65.9%, at more than 16 million euros. euros. Performance linked to operational changes and notorious investments, in particular in the integration of the Chinese subsidiary BBA, which brought 11 billion euros in revenue to the group. The firm also acquired long-time collaborator Alpina in March. However, BMW Group recorded a drop in deliveries of 13.4%, to 1.16 billion vehicles sold. A fall correlated to the weakening of production by nearly 10%. At retail, the BMW and MINI brands faced volume sales declines set at -13.7% and -10.9% respectively. Only Rolls-Royce continued to increase the delivery of its models: the group's luxury manufacturer marketed nearly 3,200 cars, an increase of 6.8%. Figures that echo the brand's record results in 2021. he company was also able to count on strong demand for electric and hybrid vehicles for its BMW and MINI brands. Indeed, these carbon-free cars grew by more than 110% in volume, to 75,890 units sold. The BMW Group's electric segment therefore weighed 15.9% on total sales in the first half, an increase of 39.5% compared to last year. Rolls-Royce should soon launch its very first electric model, called Spectre. If the coupé has been in the test phase since the beginning of 2022, it should be offered for sale in 2023. Rolls-Royce will therefore join its competitors Bentley or Lamborghini in the race for electric-only and aims to become a 100% brand. electric by 2030. An objective boosted by the green trends of the automotive industry but also constrained by the European law of "The Ferrari amendment".