On August 14th, BMW BLOG revealed its new energy market planning targets. BMW is preparing to gradually transition to new energy vehicles over 10 years, with plans to sell 7 million new energy vehicles by the end of 2030.
Currently, BMW and MINI brands account for approximately 6.4% of the worldwide sales of rechargeable vehicles. As of the end of 2019, BMW has sold more than 500,000 new energy vehicles.
For the development plan of new energy vehicles, BMW plans to achieve 25% of sales in the coming year and 50% of market share within 10 years.
At present, BMW has opened a new electronic drive technology production center in Dingolfing, Germany, and by 2022, the factory will be able to supply more than 500,000 electric vehicles. In order to accelerate the pace of electrification, BMW Dingolfing plant has been producing battery modules and battery packs since 2013, and electric motors since 2015. The plant’s production capacity will have a significant impact on achieving BMW’s established goals in the coming years.
Last month, BMW officially released its second pure electric vehicle, the iX3, which will lead BMW’s electrification development as the flagship product.
The following are BMW’s future sales plans for new energy vehicles:
By the end of 2021, achieve 1/4 of total sales;
By the end of 2025, account for 1/3 of total sales;
By the end of 2030, achieve 1/2 of total sales.
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