BERLIN, Jan 9 Reuters BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15 share of batteryelectric vehicles, the carmaker said on Tuesday.

Fourth quarter sales reached 718,778 cars, up 10.3 from last year39;s figures, with total annual sales up 6.5. The U.S. saw the highest sales growth over the year at 9.4 to nearly 396,000, while China sales grew the slowest at 4.2 to 824,932.

BMW is confident it can maintain its batteryelectric sales trajectory next year, the company said.

The carmaker said in November its order book was filled into the first few months of next year, with executives adding they saw no need to cut prices as some rival automakers have.

It is due to report fullyear results on March 21.

Its third quarter results showed a 10.3 margin on earnings before interest and taxes for the year in its car division, in line with its 9 10.5 forecast.

Reporting by Victoria Waldersee, editing by Linda Pasquini and Miranda Murray

Source Reuters