Sales Revenue and Order Intake Growth
Sales revenue was up 3%, and order intake in Western Europe grew by 30%. BEV share increased to 10% globally and more than doubled to 19% in Western Europe.
Positive Developments in China
Time to market in China is down 30%, and material costs are reduced by 40%. The China electric architecture is being locally developed, and new competitive ADAS solutions are expected to launch in 2025 and 2026.
Global Deliveries and BEV Growth
Global deliveries increased to 2.1 million vehicles, 1.4% above the prior year's quarter. BEV deliveries grew by 59% to 217,000 units.
Strong Performance in South America
Operations in South America achieved double-digit growth, with a strong increase in Argentina where volumes more than doubled.
Financial Services Division Success
The Financial Services division recorded an operating result of €1.1 billion, a 19% year-over-year increase.