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BMW: High-Volume EV Production Won’t Be Profitable Until 2020
BMW AG says its current, fourth-generation electric-car powertrain costs too much for mass production.
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BMW AG says its current, fourth-generation electric-car powertrain costs too much for mass production.
But CEO Harald Krueger tells analysts the company’s fifth-generation system, which is due in 2020, will overcome that hurdle with a two-digit-percent reduction in cost.
BMW also is preparing to launch the i4, an electric sedan that will compete with Tesla Inc.’s just-introduced Model 3 EV. Media reports predicts the car will debut in 2020.
The i4, based on the company’s iVision Dynamics concept (pictured), is likely to match the concept vehicle’s performance: a range of 600 km (373 miles), a top speed of 120 mph and the ability to zip from zero to 100 kph in about 4 seconds.
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