BMW's new $2.24 billion plant in China comes online as automaker ups bet on EVs
The opening of the Lydia plant is an important step in BMW's accelerated electrification transition, and it will offer five all-electric models to Chinese customers this year, BMW said.
CATL said to supply round batteries for BMW's new EV models
BMW plans to use round cells in models based on the Neue Klasse electric vehicle platform to be released in 2025, which is expected to bring down costs by 30 percent.
BMW i3 for China only rolls off line in Shenyang
With the launch of the new BMW i3 and the unveiling of the BMW i7, BMW has presented five purely electric models to Chinese customers.
NIO's sales beat BMW, Mercedes-Benz and Audi's BEVs combined in China in March
NIO sold 9,829 units in March, higher than BMW's 3,123 units, Mercedes-Benz's 1,199 units and Audi's 116 units of BEVs in China, according to CATARC data.
Further Reading: German luxury automakers' EV models in China -- No one cares, even their salespeople
BMW, Mercedes-Benz and Audi's NEVs are not selling well in China, even salespeople don't recommend them to customers, and some stores sell only one a month.
BMW raises prices in China after Mercedes-Benz
The prices of several models, including the BMW 3 Series and X3, have been raised by RMB 1,600 ($250) - 11,000, and some adjustments have been made to the specification information.
BMW i4 electric sedan launched in China, smaller than NIO ET5 but pricier
The BMW i4 starts at RMB 449,900 in China, higher than the NIO ET5's RMB 328,000 yuan.
BMW sells over 48,000 NEVs in China in 2021
NIO's deliveries of 91,429 vehicles in 2021 are about 90 percent higher than BMW's NEV sales in China.
BMW iX series full lineup becomes available in China
All three models of the BMW iX series are available in China at about double the price of NIO's SUV models.
BMW aims to retain its glory in EV era with 'China First' strategy
"China First" means that the local team will have enough independence to respond quickly to market changes and take Chinese customers' expectations into account at the product concept stage, BMW said.