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.
Mercedes-Benz is set to open its first branded EV charging stations this fall, with three locations in Atlanta, Chengdu, China, and Mannheim, Germany, and plans to expand its global network to over 2,000 points and open over 2,000 Charging Hubs by 2030.
German automaker BMW has unveiled its electric concept car, the "Vision Neue Klasse," which will serve as the foundation for the brand's next generation of electric vehicles, featuring improved battery cells that enhance charging speed and range, with plans to launch the first models in 2025.
Mercedes-Benz is set to unveil the CLA EV concept sedan at IAA Mobility, featuring a range of over 466 miles and serving as the forerunner for an upcoming line of electric-first vehicles.
Mercedes-Benz has unveiled the Concept CLA-Class, a preview of its new electric-first compact car platform, featuring sustainable interior materials and an estimated range of 466 miles on the WLTP scale, inspired by the Vision EQXX concept.
Mercedes-Benz unveiled an electric vehicle with a longer range than any Tesla model on the market, as the company intensifies its efforts to challenge Elon Musk and expand its presence in the luxury electric car market.
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 CEO announces the development of a smaller, fully electric G-Class SUV, set to hit the market in a few years.
The 2024 Mercedes-Benz E-Class All-Terrain is a wider, taller, and more practical version of the E-Class sedan, offering a spacious interior, a striking design with off-road-ready features, and impressive performance capabilities.
Mercedes has teased upcoming models on the MMA platform with an electric range of approximately 466 miles, including the next-generation GLA, GLB, and CLA Shooting Brake.
Toyota has unveiled its first-ever Century SUV, while German brands are showcasing electric concepts at the IAA Mobility 2023 motor show in Munich.
