BMW’s future EVs will match ICE cars in profits, claims CEO Oliver Zipse

BMW aims for at least 30 per cent cost savings by using its Neue Klasse EV platform's cylindrical cell format.
By : HT Auto Desk
| Updated on: 22 May 2022, 12:11 PM
The BMW iX is one of the key models in the brand's EV strategy.
The BMW iX is one of the key models in the brand's EV strategy.
The BMW iX is one of the key models in the brand's EV strategy.
The BMW iX is one of the key models in the brand's EV strategy.

BMW claims its future electric cars will match their internal combustion engine-powered counterparts in profit, claimed BMW CEO Oliver Zipse during the automaker's annual shareholder meeting. He said that the automaker is targeting 30 per cent cost savings by using the Neue Klasse's platform's cylindrical cell format.

(Also Read: The $15,000 EV is here and it’s Cute. But only in Japan for now)

Zipse said that the Neue Klasse EV platform underpinned by electric vehicles will be as profitable as the carmaker's ICE models. Speaking about the new generation EV architecture, Zipse said that the Neue Klasse platform will feature advanced battery chemistry and new cell formats to offer improved power output. He said that the latest GEN6 drivetrain generation stands for more power, new cell chemistry and new cell formats.

Similar Cars

Find More Cars
Bmw Ix (HT Auto photo)
Bmw Ix
Electric | Automatic
₹1.16 Cr**Ex-showroom price
Bmw I4 (HT Auto photo)
Bmw I4
Electric | Automatic
₹69.9 Lakh**Ex-showroom price
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price

The German luxury car marquee will commence production of Neue Klasse architecture in 2025 and initially use it for all-electric midsize vehicles. The new EV architecture will be built at a new plant in Debrecen in Hungary, where the foundation stone will be laid on 1st June. The automaker plans to start the first pre-series car production 26 months later.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

Interestingly, this new factory will operate without any fossil fuel and all power used there will be generated on-site or sourced from suppliers using renewable energy. BMW will sign supplier contracts by the end of this year. Speaking about the supply chain strategy, Zipse has said to Auto News that BMW aims to create a carbon-neutral material sourcing strategy.

The move comes as part of the brand's strategy of shifting 50 per cent of its global vehicles to EVs by 2030. Also, the automaker is aiming to hit two million cumulative electric vehicle sales by 2025 and in 2022, the car brand predicts EVs will account for 10 per cent of all its global deliveries. For that, BMW plans to put eight all-electric vehicles on the roads by the end of this year.

First Published Date: 22 May 2022, 12:10 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city