Categories

Contact Us

Zhejiang Jonway Motorcycle Manufacturing Co.,Ltd
Add:Houruan, Lunan, Luqiao District, Taizhou City, Zhejiang, China
Tel:+86-576-82423979
Ph:+8613968693970
E-mail:tao@jonway.com

BMW: Volume EV production not viable until 2020

- Apr 10, 2018 -

BMW’s CEO has confirmed the company will not commit to volume production of electric vehicles (EV) until at least 2020, as he believes current technology isn’t profitable enough.

Speaking with industry journal Automotive News EuropeHarald Krueger, CEO for the BMW Group, said: “We wanted to wait for the fifth generation to be much more cost competitive. We do not want to scale up with the fourth generation”.

According to Krueger, the cost advantage between BMW’s fourth- and fifth-generation EVs equates to a “two-digit” percentage.

“If you want to win the race, you must be the most cost competitive in the segment, otherwise you cannot scale up the volume,” he said.

BMW has previously committed to releasing 25 new electrified models by 2025, and recently announced it would be increasing its investment into electromobility to €7 million ($11.19m).

One of the first new EVs to come out of the BMW Group will be theall-electric Mini in 2019 – previewed by the Mini Electric concept– while an electric version of the X3 is coming in 2020.

In terms of the BMW i electric sub-brand, the new i4 sedan has also been confirmed as one of the 25 upcoming models, and will draw inspiration from the i Vision Dynamics concept shown at last year’s Frankfurt motor show.

Stay tuned to CarAdvice for all the latest updates.


Related Products