By Mauro Orru

Mercedes-Benz AG said Tuesday that electric-vehicle sales from its Mercedes-Benz Passenger Cars business more than doubled last year, a welcome development for the German luxury auto maker as it plans to roll out its own global network of electric-vehicle chargers.

Mercedes-Benz Passenger Cars delivered 2,043,900 vehicles to customers last year, 1% fewer than in 2021, as the industry reeled from what remained of coronavirus restrictions as well as semiconductor and logistic bottlenecks.

However, battery electric-vehicle sales surged to 117,800 units from 52,500 in 2021. Battery electric-vehicle sales more than doubled in the last quarter of the year to 42,400 units.

"We now have eight fully electric models in showrooms, we continue to lift the charging experience of our customers to another level and we were once again able to increase our brand value by 10% to remain the world's most valuable luxury automotive brand," Britta Seeger, a management board member at the group, said.

Mercedes-Benz said last week during an event in Las Vegas that it intends to install roughly 10,000 high-power EV chargers worldwide, starting in the U.S. and Canada this year.

Earlier on Tuesday, Bayerische Motoren Werke AG, or BMW, said electric-vehicle sales more than doubled in 2022 from the previous year.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

January 10, 2023 04:52 ET (09:52 GMT)

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