BMW and Mercedes are making losses in their sales. In fact, Ford has taken first place in the German plug-in market in October.
BMW will spend $1 billion to prepare for the production of all-electric vehicles at the company’s existing manufacturing facility in South Carolina – Plant Spartanburg. BMW Group has selected Envision AESC as its lithium-ion battery cell supplier for Plant Spartanburg.
The BMW i4 received a 4-star rating out of 5 stars, with an 87% rating for adult and child occupants, a 71% rating for vulnerable road users, and only 64% for the car’s safety assist systems. The BMW i4 has just received a somewhat lackluster 4-star rating from the European New Car Assessment Program (EuroNCAP).
BMW Group faced semiconductor shortages and supply chain disruptions related to the pandemic this year as well. Naturally, these problems have slowed the production of electric vehicles. BMW was also affected by weak demand in Germany and the UK, Europe’s biggest markets, although order books were still full. Demand was stronger in France, Spain and Italy.