Published on 11 Apr 2024 on Benzinga via Yahoo Finance
Volkswagen And BMW Report Unexpected Good News Of Their EV Progress
With many concerns in the air about the EV revolution running out of steam as even the EV king, Tesla Inc (NASDAQ: TSLA) came short of estimates as it posted its first deliveries drop in four years, Volkswagen AG (OTC: VWAGY) and Bayerische Motoren Werke Aktiengesellschaft (OTC: BMWYY) provided some much-needed optimism on the EV front.
Helped by price cuts, Volkswagen’s e-offensive is showing results in the world’s biggest car market.