Tesla, once the leader in the electric vehicle (EV) industry, is now struggling with falling sales. The situation has led to competitors like BMW to grow their share in the EV market. With a strong lineup of battery-electric vehicles (BEVs), new technology, and a strategy that includes different types of vehicles, BMW is positioning itself as a major player in the EV industry.
Other EV makers like Lucid Motors (NASDAQ: LCID) will also seek a share of the electric vehicle market that was for many years dominated by Tesla. BMW should therefore expect to be given a run for its…
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