BMW’s Next-Gen EVs will match the ICE models for profit

Upcoming electric vehicles based on BMW’s Neue Klasse electric platform are going to be as profitable as the carmaker’s combustion-powered models.

BMW chief executive Oliver Gypsy made the remarks during BMW’s annual shareholder meeting last week. He said the automaker is aiming for 30 percent cost savings due to the use of cylindrical cell layouts on new-class platforms. It will also have battery chemistry and new cell formats to increase power output.

“The same is true for our recent GEN6 drivetrain generation: more output, a new cell chemistry and a new cell format,” Zipse confirmed.

Read more: BMW’s EV-Dedicated New Class platform to focus on medium-sized parts

BMW will begin production of the Neue Klasse platform in 2025 and will initially use it for all-electric medium-sized vehicles. The platform will be revived at a new factory in Debrecen, Hungary, where the foundation stone will be laid on June 1. Current plans call for the first pre-series cars to be lined up in 26 months.

The new plant will be operated without any fossil fuels and all the energy used will either be generated on site or will be offered by suppliers using renewable energy. The supplier agreement for the first Neue class-based vehicle will be signed later this year. Talking to Auto NewsZipse has confirmed that it will consider CO2 emissions “and the percentage of secondary components as supplier selection criteria.”

BMW believes that by 2030, half of its global sales will be for electric vehicles. In the interim, the automaker aims to hit 2 million growing electric vehicle sales by 2025, and this year, predicts EVs will account for 10 percent of all deliveries. By the end of this year, eight all-electric cars from BMW will hit the road

Two design prototypes for the Neue Klasse-based model have already been shown to BMW board members.

“We can assure you that you too will be impressed by them. Neue Klasse accurately represents the quantum leap we are aiming for, ”added Gypsy. “It’s aligned with the new group steering model – smaller units that work faster and have access to connect to our technology platforms.”

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