BMW Electric Vehicles in 2025 Expected to Be as Profitable as Gas Cars, Says CEO
BMW is expecting new EVs built on its Neue Klasse EV platform starting in 2025 to be just as profitable as its gas cars, according to Automotive News Europe.
Earlier this week at the , BMW CEO Oliver Zipse said the Neue Klasse EV platform “as profitable as vehicles with state-of-the-art combustion engines.”
Zipse detailed BMW’s plans to target 30 percent cost savings from the upcoming, cylindrical cell format — not dissimilar from Tesla’s round battery cells.
BMW is planning a new battery chemistry for the platform, which is set to increase power output and new battery cell formats.
At the meeting, Zipse said, “That is also what our latest GEN6 drivetrain generation stands for: more output, a new cell chemistry and new cell formats.”
Volkswagen Expects EV Profits to Match Gas Cars Earlier than Planned https://t.co/U1jWtAPMoV
— TeslaNorth.com (@RealTeslaNorth) May 12, 2022
It’s not yet clear what supplier will sell the new battery cell formats to BMW, nor what battery cell format the technology is, but they apparently will be from existing partners, meaning they could be from China’s CATL and EVE Energy, South Korea’s Samsung SDI and Sweden’s Northvolt.
With global supply chain headwinds and inflation, it remains to be seen if BMW can meet electric demand and reach mass production, as currently all automakers including Tesla are dealing with shortages.
The BMW platform is set to enter production in 2025 at the automaker’s Debrecen, Hungary plant, with the automaker set to begin construction on the plant starting June 1.
BMW expects first vehicles with the platform to roll off the production line 26 months after production begins. The German automaker hopes to have cumulative sales of 2 million EVs by 2025. By 2030, half of the BMW’s global sales are expected to be from all-electric cars, says Zipse.
Last month, BMW unveiled its i7 electric sedan which has a starting price of $119,300.