BMW injects more into electric cars but 'too soon' to call end of combustion engines

'No indication the world is renouncing combustion engine vehicles', chief executive said

BMW is close to hitting its target of 15% battery-electric sales this year, beating Mercedes-Benz and Porsche, for whom battery-electric cars have so far made up about 11% of sales.

BMW said it was raising investment in electrification faster than planned but it was too soon to set an end date for combustion engine car production, with sales still strong in major growth markets like China and the US.

The carmaker is close to hitting its target of 15% battery-electric sales this year, beating Mercedes-Benz and Porsche, for whom battery-electric cars have so far made up about 11% of sales.