Electric cars aren’t expected to be profitable at first, says Bmw CEO

Article by Christian A., on October 22, 2010

According to Bmw CEO Norbert Reithofer, the Bavarian manufacturer does not expect any profits when electric cars such as the MegaCity Vehicle (MCV), will be introduced.

Furthermore, the electric cars will be more expensive at the beginning, according to Reithofer, and the first profits are expected to come after the first product cycle.

The first electric car from Bmw is expected to come in 2013, and according to the manufacturer it will be produced at company’s factory found in Leipzig, Germany.

It will be built using carbon fiber composite, a material known for its strength, weight, but also due to the fact that it is extremely expensive. This is the reason that the material has been used in racecars and supercars until now.

The new MegaCity Vehicle will also use aluminum, and according to the manufacturer the combination of this material and carbon fiber will offset as much as 350 kilograms (772 pounds).

But don’t expect to be very light, as the battery and electronic components have a serious weight. Bmw decided to built its electric drivetrain as well as its battery, in order to differentiate itself from the competition. Reithofer said: "We won't give that up,” even if it's more expensive to do everything on its own. [via autonews - sub. required]

Topics: electric car, bmw, ceo

If you liked the article, share on:

Comments

Recommended

Like it or not, Chevrolet may soon be offering a cheaper Camaro in hopes of competing with Dodge Challenger and Ford Mustang GT. Apart from the less expensive trim, the...
by - August 17, 2017
Recently, Porsche revealed a new Macan Turbo wearing a Performance Package and a unique Porsche Motorsport themed paint. At first look, it will remind you of the 919 Hybrid and...
by - August 17, 2017
The BMW M1 will be one of the most exclusive cars that will be showcased at the upcoming 2017 Pebble Beach Concours d'Elegance, alongside many other extravagant models. Firstly, there...
by - August 17, 2017
Aston Martin Vanquish Zagato makes its debut with a total of four variations including the Speedster and the Shooting Brake trims. As part of the limited edition model, the company...
by - August 17, 2017
Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries