- BMW’s latest design concept showcases a platform that will underpin the brand’s next generation of electric vehicles.
- The first electric vehicle based on the Neue Klasse – or new class – architecture is set to enter production in 2025.
- BMW CEO Oliver Zipse told CNBC, “With the BMW Vision Neue Klasse, we have applied every innovative strength that BMW has, on the electric side, on the digital side and, of course, that car circularity for the industry.” will also be prepared.
German automaker BMW on Saturday launched a highly anticipated electric concept car, saying the so-called “Vision Neue Klasse” represents the beginning of a new era for the company.
BMW’s latest design showcases a platform that will underpin the brand’s next generation of electric vehicles. The first electric vehicle based on the Neue Klasse – or new class – architecture is set to enter production in 2025.
The new line-up of electric vehicles includes BMW’s sixth-generation battery cells, which the company says will improve both the charging speed and range of the new class platform by up to 30%. BMW said that overall vehicle efficiency would increase by up to 25% as a result of these measures.
BMW CEO Oliver Zipse told CNBC’s Arabile, “With the BMW Vision Neue Klasse, we have applied every innovative strength of BMW on the electric and digital side and, of course, also prepared that car for the industry of circularity.” Will go.” Gumede.
“In just two years’ time, these cars will be on the road and with them, overall, we will usher BMW into a new era of innovation and sustainability. That’s what our show at IAA aims to do,” Gypse said.
The Vision New Class is set to make its public debut in the coming days at the IAA Motor Show in Munich, which is also the headquarters of BMW. The IAA Show is one of the largest mobility trade fairs in the world.
“We believe that electromobility will be the largest growth segment in the world for the automotive industry and we want to be a leading force here,” Gypse said.
A worker checks a car logo during a final inspection on a production line at German carmaker BMW plant in Leipzig, eastern Germany, on October 20, 2022.
Ronnie Hartman | AFP | Getty Images
BMW’s chief executive forecast that battery electric vehicles would represent 15% of the carmaker’s worldwide sales by the end of 2023 and “we will increase this further next year and the year after.”
Frank Weber, the member of BMW’s management board responsible for development, said the new Class range represented a “major technological leap” for the carmaker.
In early August, BMW said it expected ongoing challenges from supply chain issues and extremely high inflation to continue in the coming months. Yet it lifted the annual outlook for margin on earnings before interest and taxes in the automotive segment.
BMW shares are up about 13% year to date.
Asked about the Chinese electric vehicle giant’s presence at the Munich Motor Show and whether he is worried about Chinese exports to Europe affecting BMW’s business, Gypse replied, “No, we are not afraid at all. “
“It’s a sign of attraction when global players like the Chinese, which is the world’s biggest car market, come here to Munich and showcase what they want. It’s more than an auto, it’s a tech show, it’s a Hai Innovation Show,” Gypsy said.
“And I think everybody’s coming here, Americans, Europeans, and now Chinese, too. You’ve already heard it from my words, I’m more excited, and I’m not scared at all, and it It’s good that we have a show that attracts a lot of competition. It’s awesome.”