BMW predicts 8%-10% profit margin for top-end electric vehicles in 2023, despite global EV demand decline.

BMW expects top-end electric vehicles like the 7-Series sedans, X7, and Rolls-Royce Spectre to drive profit in 2023, despite faltering global demand affecting broader EV sales. The German luxury-car maker anticipates an 8%-10% margin for its automotive segment, in line with its long-term target. BMW predicts overall sales to increase slightly and expects fully-electric vehicle deliveries to rise significantly in 2024.