BMW unveils features of Concept i4, slated to enter production in 2021
Date: 2020-03-04   Author: Saipriya Iyer  Category: #news

BMW unveils features of Concept i4, slated to enter production in 2021

Bayerische Motoren Werke AG (BMW), a German multinational automobile company, has recently released details regarding its latest electric concept car, BMW Concept i4. The Concept i4 is slated to enter production by 2021.

The introduction of this new electric vehicle by BMW is considered to be an initiative to sustain in the market, amid ever-increasing electric vehicle demand and rising production by various rival companies such as Tesla and Volkswagen, among others. For instance, Volkswagen has recently started the series production of VW ID.3 EV and is reportedly planning to launch nearly 70 new models of EV by 2028.

According to Oliver Zipse, CEO of BMW, the new BMW Concept i4 car reportedly brings electromobility to the core of the BMW brand. With the previous records of over 140,000 electrified vehicles sales in 2019, the new i4 model is expected to bring in significant profits in the future. Mr. Zipse added that the new design is dynamic with faster acceleration of less than 4 seconds, from 0 to 100 kilometers per hour. The BMW Concept i4 also has an estimated range of 600 kilometers (around 373 miles). He further added that the company hasn’t received much interruptions from the coronavirus outbreak and is closely monitoring the situation.

BMW, in 2017,anticipated electrified vehicles to capture 15-25% of its overall vehicles’ sales. The company also made an announcement in 2019 to build an electric vehicle facility in the Jiangsu province in partnership with Great Wall Motor in China to produce all-electric models of the Mini brand.

According to figures gathered in 2018, electric car companies have recorded prominent sales worldwide, which accounted for 1.98 million, with global stocks reaching 5.12 million. As of 2018, China was the front-runner in electric car market, recording sale of more than 1 million electric cars, followed by Europe and the United States.

BMW is yet to reveal the price of the new Concept i4 car.
 

Source credit:https://www.cnbc.com/2020/03/03/bmw-releases-details-of-concept-i4-electric-car-to-rival-tesla.html



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Earned Value Management Software Market Future Challenges and Industry Growth Outlook 2025
Author: Sachin Pashte

Market Study Report LLC delivers significant information and realistic data of the Global Earned Value Management Software Market via this newly added research in its database. The report presents a deep study of the market growth factors and driv...


Global Data Center Monitoring Software Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2025
Author: Sachin Pashte

MarketStudyReport.com adds New Report on Global Data Center Monitoring Software Market to its research database. The report focuses on global major leading players with information such as company profiles, Growth, product segment, technology segm...


Automotive Wire & Cable Market by Trends, Key Players, Driver, Segmentation, Forecast to 2025
Author: Sachin Pashte

The latest report on ' Automotive Wire & Cable Market' now available at Market Study Report, LLC, explains the current and upcoming trends besides details related to the regional landscape of the ' Automotive Wire & Cable marke...