BMW Group Annual Conference Media Day is Wednesday, March 17.
Live Stream @ 9:00 CET (4:00 a.m. EDT):
https://www.live.bmwgroup.com/en/liv...021-14846.html
Related docs will be here:
https://www.bmwgroup.com/en/investor...y-reports.html
https://www.spiegel.de/auto/bmw-setz...0-000176230907
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BMW fully electrifies Mini
Car manufacturer BMW wants to make Mini the first all-electric group brand by 2030. At the presentation of the balance sheet in the coming week, BMW boss Oliver Zipse will announce that the last mini model with a combustion engine will come onto the market in 2025. By 2027, half of mini sales should be achieved with e-models.
In addition, the group plans that from the beginning of the 2030s in the new car trade only purely electrically powered models of the small car brand will be sold. So far, BMW has only offered a pure E-Mini produced in Oxford, England. An electric successor to the Countryman hybrid model is set to roll off the assembly line in Leipzig in 2023.
The joint venture with the Chinese manufacturer Great Wall Motor plays an important role in the plans for the Mini. The first electric mini to be produced locally for the Chinese market will also emerge from this partnership in 2023. The small car is predestined for rapid electrification because it targets urban, technology-savvy customers. It is expected that BMW boss Zipse will also set the goals for the electrification of the entire model range higher next week.
Other manufacturers had recently formulated more ambitious plans to phase out combustion technology. Thus, the Volkswagen Group for the brand VW wants the proportion of pure electric drives in Europe by 2030 to 70 percent increase , instead, as initially planned, to 35 percent. At the VW subsidiary Porsche, 80 percent of the fleet is to be powered by hybrid or purely electric vehicles by the end of the decade.
From 2030, Volvo only wants to build pure electric cars
Daimler boss Olaf Källenius has promised that the previously applicable targets of achieving a quarter of sales by 2025 and half of sales with electric cars and hybrids by 2030 should be achieved early and sharpened. Volvo leans even further out of the window - from 2030 onwards, no more cars with internal combustion engines will come out of the factory, as is the case with Mini.
Thanks to the purchase bonuses for electric cars, sales of the electric vehicles rose significantly in Germany last year, with more electric cars registered than in the USA. At the manufacturer level, the German producers have caught up with the e-pioneer Tesla. The share of the US group led by Elon Musk has recently lost part of its astronomical valuation on the stock exchange.
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