Main topic: Subaru's plans to release a full lineup of electric vehicles.
Key points:
1. Subaru aims to sell 600,000 EVs per year by 2030, making up half of its global sales.
2. The automaker plans to boost its battery-electric lineup to eight models.
3. Subaru plans to double its electric-vehicle lineup by the end of 2028, including a three-row electric SUV.
4. Toyota will reportedly build the three-row electric SUV for Subaru in Kentucky starting in 2025.
5. Subaru plans to invest around $10.5 billion towards its electrification efforts by around 2030.
Main topic: BMW's progress in electric vehicle sales and investment in e-mobility.
Key points:
1. BMW's electric vehicle sales increased to 12.6% of total deliveries in the first half of 2023, up from 10% in 2022.
2. The company aims to achieve a 15% share of battery-electric sales by the end of 2023.
3. BMW is investing more than originally planned in the global ramp-up of e-mobility due to increasing demand for electric cars.
4. The automaker increased its research and development spending by nearly 19% in Q2 2023, reaching about $2 billion.
5. BMW has not set an end date for selling combustion engine vehicles, stating that there is no indication that the world is renouncing them.
6. This contrasts with other automakers like Mercedes-Benz, Ford, and GM, which have plans to phase out combustion-engine sales by 2040.
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Designboom, a trusted source of design news since 1999, covers stories from Milan, New York, Beijing, and Tokyo.
Mercedes-Benz has upgraded the EQB electric SUV for the 2024 model year with a refreshed design and updated features, including a modern grille and headlights, and it will be available at US dealerships in the first half of 2024.
Kia has officially unveiled the EV5, their new compact electric SUV, featuring a bold design, spacious interior, and expected to compete directly against Tesla's Model Y.
BMW has unveiled its Vision Neue Klasse concept sedan, featuring a modern design with a traditional three-box silhouette, a unique reinterpretation of the kidney grille, transparent roof and side windows with e-ink displays, and corduroy seats, as well as innovative technology including a large touchscreen and a full width Panoramic Vision display beneath the windscreen, previewing the upcoming sixth-generation BMW eDrive electrification technology with a claimed 30% range increase, 30% faster charging, and 25% improved efficiency.
BMW and Mercedes are intensifying their efforts in the electric vehicle market, unveiling new platforms and concept cars in response to competition from Chinese automakers and Tesla, although they may still lag behind in certain aspects.
Europe's automakers are showcasing their latest electric vehicles at the IAA Mobility car show in an attempt to compete with Tesla and counter the increasing competition from Chinese companies such as BYD and Xpeng.
Mercedes-Benz introduces a new electric-sedan concept vehicle with superior range, posing a challenge to Tesla.
Mercedes-Benz and BMW unveiled their concept electric cars, the Concept CLA Class and Vision Neue Klasse respectively, showcasing their entry into the premium electric vehicle market and their efforts to catch up with Tesla; both cars are built on new platforms and highlight features such as long-range battery, fast-charging capabilities, and advanced interior technology.
Mercedes has unveiled concept vehicles at the IAA Mobility auto show in Munich, featuring a range of over 466 miles on a single charge, surpassing Tesla models, while BMW revealed an electric vehicle with improved range and faster charging.
Toyota has unveiled its first-ever Century SUV, while German brands are showcasing electric concepts at the IAA Mobility 2023 motor show in Munich.
BMW will invest £600m ($750m) in its UK plants to transition its Mini brand to all-electric by 2030, with the Mini Cooper 3-door and Mini Aceman crossover set to be produced as electric models from 2026 onwards.
BMW Group, Ford, and Honda have formed a new company called ChargeScape that aims to create a single platform connecting electric utilities, automakers, and interested electric vehicle (EV) customers, providing financial benefits through EV-enabled grid services and reducing carbon footprints while supporting grid resiliency.
