From CNBC:

Bentley Motors delays plan to offer all-electric vehicles exclusively by the end of the decade due to changing market conditions. Bentley’s first EV now expected in 2026, pushing back subsequent releases. CEO Adrian Hallmark cites software and architecture challenges as reasons for delay.

Bentley to invest in plug-in hybrids and still plans to phase out traditional internal combustion engines. Company’s 2023 financial results show global deliveries down 11% from previous year. Revenue and operating profit also down compared to 2022, impacted by changing luxury market conditions.

CEO Hallmark highlights challenges faced in 2023, including sales dynamics in China and macroeconomic concerns. Despite decrease in deliveries, revenue, and profit, Bentley’s performance outperforms 2021. Customers opting for more customization and add-ons contribute to increased revenue and profit compared to two years ago.



Read more at CNBC: Bentley delays all-EV plan past 2030 amid vehicle development issues