Current production of BMW electric cars is significantly delayed. And not only because of drivers who do not know how to drive fully electric vehicles. Manufacturers are also starting to face problems.
Recently, the automotive world has been informed that BMW is postponing the production of electric cars. Because it is simply not profitable at the moment.
Electric Car Production Not Profitable
BMW's President, Harald Krüger, announced that by 2020, the company plans to start mass-producing electric cars. The current fourth-generation technology is not profitable enough for mass production.
— We want to wait. Perhaps the fifth generation will be more cost competitive, — comments Krüger.
The economic advantage between the fourth and fifth generations of BMW's electric technologies is of «two-digit significance.» However, the manufacturer does not disclose the specific costs involved.
If you want to win the race, you must operate with the most competitive price in this segment, — said Krüger. People eagerly awaiting the mass production of BMW electric cars can rest assured. The Bavarian manufacturer is not backing down from its implementation, but is only striving for an even better and competitively priced technology.
It is worth noting that Tesla also faces delays in the production of its models.
For all the latest news about the brand, visit our section on BMW news.
BMW Electric Car
BMW introduced its first electric car model, the BMW i3, in 2013. Since then, it has been working on various generations of batteries, software, and technologies for electric motors.
In 2019, the production of the Mini electric car is set to begin in full swing. The car will be rolled out near Oxford, England. A year later, BMW will start producing the fully electric X3 SUV. The Bavarian manufacturer also announces the release of the i4 model. This electric sedan is expected to be a direct competitor to the Tesla Model S.
25 Models by 2025
Harald Krüger announced that BMW has chosen the Chinese company Contemporary Amperex Technology (CATL) to produce battery cells.
BMW also plans to increase spending on research and development to 7 billion euros (8.6 billion dollars). By 2025, this will bring 25 electrified models to the market. Half of them will be fully electric with a range of up to 700 km (435 miles) on a fully charged battery. This is quite a substantial increase compared to current figures.
We will see if all the exciting announcements and statements later reflect on the quality, price, and competitive operating costs. If so, it is worth the wait.
