Automotive EV Sector Updates: Construction and Sales Highlights from BMW, Tesla, and Audi

Construction on BMW's battery assembly plant in Straßkirchen, Germany, is underway, signaling a significant step for their electric vehicle production The facility stands on a 105-hectare area and is designed to be the primary hub for battery pack assembly in Bavaria, with battery cells to be sourced from CATL and Eve Energy's factories in Hungary Sales figures reveal a divergent trend as Tesla's first quarter sales in 2024 dipped from the previous quarter, contrasting with the substantial growth shown by Audi and BMW. Audi reported a year-over-year rise in full electric vehicle sales by 29%, despite a 16% drop in overall sales, while BMW boasted a 63% surge in the same category, with the iX model witnessing an impressive sales growth of 25.3%.