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BERLIN—BMW beat analysts’ forecasts on Wednesday with a 42.4 percent increase in third quarter net profits to 2.58 billion euros ($2.99 billion) as higher prices and strong electric vehicle (EV) sales offset lower deliveries due to scarce chips. In an earnings call, finance chief Nicolas Peter said the company was confident of topping its target for a 10 percent margin on pre-tax earnings this year, though the fourth quarter could be slightly dampened by higher tax payments and investment costs. Looking ahead, the company expects strong EV sales to carry into 2022, Peter said. While rising raw material prices impacted earnings this year, the company’s strong relationship with suppliers has cushioned the blow, CEO Oliver Zipse said. “We have always had good oversight over our supply chain. That is paying off now—right down to the raw materials,” Zipse said. No Chips, No Problem? Automakers from Volkswagen to Stellantis to Renault saw …