Just In
- 7 min ago Suzuki V Strom 800 DE Launched In India At Rs 10.30 Lakh – The No-nonsense Adventure Motorcycle
- 1 hr ago Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
- 1 hr ago Luxury Vehicles Seized: Crackdown On Drunk Driving By Odisha Police
- 1 hr ago Maruti Suzuki India Reveals Leadership Changes For April 2024
Don't Miss!
- Technology TECNO POVA 6 Pro Launched in India: Check Price, Specs, Offers
- Education UGC NET June 2024: Application process to begin next week, Know more
- Sports IPL 2024: Who is Allah Ghazanfar? KKR's New Afghanistan Signing replacing Mujeeb Ur Rahman
- Finance Popular Govt Scheme That Doubles Your Investment On Maturity, Check New Interest Rate
- News Bihar: RJD, Congress, Left Leaders Announce Seat-Sharing Formula For Lok Sabha Elections 2024
- Movies Crew X Review: Fans Drool Over Bebo's Boldness, Tabu's Glamour And Kriti Sanon's Stunts
- Lifestyle Personality Traits Of April Born Babies: From Being Witty, To Charismatic And More, They Are Full Of Sheer Joy
- Travel Explore Tamil Nadu's Diverse Wedding Venues
BMW Confirms To Produce Electric SUV And Mini Vehicles
BMW
has
confirmed
that
it
will
be
working
on
an
electric
Mini
and
an
electric
powered
X3
SUV.
The
news
comes
after
the
meeting
on
firms
electric
car
strategies.
BMW held a meeting with the company's top executives earlier this month. Chief Executive Officer, Harald Krueger confirmed the German carmaker's electric strategy.
Krueger said that an all-electric Mini will enter the market around 2019, and the electric X3 SUV will come around 2020.
BMW was reluctant to build a Mini electric car, as the profit margins on the Mini brand is not that great, but still in the meeting the electric Mini was shown the green light.
Due to the weak performance of BMW i3 in the US , BMW felt that it needs to push the electric vehicles to be successful in this segment.
BMW will face a strong competition in the electric segment. As Daimler and Volkswagen bringing huge investments to develop next-gen long range electric vehicles.
According to reports, BMW is still not sure whether to build an all-new Mino or go with the existing platform, as the vehicle should be able to accommodate large batteries.
But all these doubts have been settled after the board meeting stated Krueger. Now BMW is trying to produce affordable and long range electric cars to the market.
2016 Paris Motor Show: Volkswagen Previews Electric Future With I.D. Concept Electric Car