BMW Electric Vehicle Sales Surge as Unifor Strikes GM, Lordstown Sells Assets, and Skoda Enters Kazakhstan

BMW has sold over 240,000 electric vehicles so far in 2022, up 92% year-over-year. The i4 and iX are selling very well.

Unifor, Canada's autoworker union, is on strike against GM after failing to reach a deal. They want parity with the Ford contract.

Lordstown Motors sold assets to a company run by its former CEO for $10 million. Unclear what they'll do next.

Skoda is re-entering the Kazakhstan market in 2023 through a new production partner. Sees growth potential there.

Among German luxury brands, BMW seems best positioned for electrification based on high BEV sales growth.