Belated: BMX iX2, BMW i5 and others at the BMW annual press conference

20 March 2023, 02:38:44

BMW's press conference happened five days ago. So here are some belated pieces of important details concerning BEVs. For starters, BMW expects that BEVs will be its major growth driver for this year rising to a 15% share. In the past year, the BMW Group more than doubled its BEV sales to over 215,000 units, underlining its role as a pioneer in e-mobility. The company once again delivered significantly more fully-electric vehicles to customers than its direct European competitors and also significantly more than the majority of Asian and US new entry players.

In the first two months of 2023, the BMW Group was able to more than double its sales of fully-electric vehicles, compared to the same period of the previous year. Growth was disproportionately strong in China, where the company's BEV sales more than tripled in the year to the end of February. With the launch of the new BMW 5 Series and the fully-electric BMW i5 this year, the BMW Group will have a BEV offering in virtually every major segment of its business. The range will be rounded out at the end of the year by the fully-electric BMW iX2 (in October) and an absolute first next year, when the very first fully-electric touring model will make its debut in the BMW 5 Series. The iX2 will be assembled in Regensburg, Germany - the same factory where the iX1 is manufactured. The BMW i5 got only teased in words.

The MINI brand is on its way to a fully electric future from the beginning of the 2030s. A first glimpse of the new MINI family was provided in the summer by the MINI Concept Aceman — a new vehicle concept for the premium compact car segment: all-electric, chrome- and leather-free, and with a completely new design. The first electric vehicles in the new MINI family are due to be launched on the market this year.

Production of the new MINI Countryman will also begin in 2023 at BMW Group Plant Leipzig. The crossover model will be offered both with a pure electric drive train and with internal combustion engines. The world's only convertible with a pure electric drive train also comes from MINI: A limited edition of the MINI Cooper SE Convertible will be available in Europe from April and guarantees an exclusive open-air go-kart feeling.

In 2030, the Rolls-Royce brand will also have an exclusively all-electric offering – starting with the first all-electric Rolls-Royce Spectre, which celebrated its world premiere in 2022, with the first vehicles delivered to customers this year.

With its range of around a dozen fully electric models already on offer, the BMW Group anticipates a steep growth trajectory in the coming years: In 2024, at least one in five of the company’s new cars will have a fully-electric drive train; by 2025; every fourth new vehicle delivered should be a BEV and, by 2026, around one in three.

From the BMW Group's perspective, the NEUE KLASSE, which will then be ramping up, has the potential to further accelerate the market penetration of e-mobility with its convincing product substance. Depending on the market conditions prevailing in the second half of the decade, the development of raw material prices and availability, and the pace at which a comprehensive charging infrastructure is being built, the BMW Group expects to reach more than 50% BEV share well ahead of 2030.

Production of BMW BEVs based on its next-generation platform - Neue Klasse - will commence at the new factory in Debrecen, Hungary, in the second half of 2025. It will be followed by the Munich plant in Germany in 2026 and by the San Louis Potosi plant in Mexico in 2027. BMW said it plans to launch at least six EVs in the next two years, so they should all be available by the end of 2027 or early 2028.

The BMW Group aims to exceed the total of 10 million fully-electric vehicles delivered to customers by 2030. An important milestone on this journey is expected in 2025, when the milestone of two million fully electric vehicles is likely to be passed.

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