BMW spoke about plans for the next five years

BMW spoke about plans for the next five years

March 19, 2020 0 By autotimesnews

Despite the global epidemic, BMW is counting on its future investments. The brand is fully committed to research and development.

According to BMW, new technologies are needed for the mobile future. Until 2025, the manufacturer plans to invest more than 30 billion euros in the research of these new technologies. According to the Chairman of the Board of Directors of BMW Oliver Zips, the future of the car will be determined by companies capable of equally developing and combining hardware and software.

These investments are reflected in BMW’s growing portfolio of electric vehicles. In addition to the current i3 and Mini Cooper SE, China will launch the production of the electric iX3 this year. In 2021, BMW iNext and i4 will appear, which will be built at various German factories. In addition, the company announced the following electric model: a new generation of 7 Series. The flagship will be available with four different versions of power plants: diesel, gasoline, interchangeable hybrid and electric motor. By 2023, the BMW portfolio will have 25 electrified models, half of which will be fully electric.

BMW is also considering saving money as part of its next program. This program is expected to save 12 billion euros by the end of 2022. In addition, the company is considering faster digital processes, as a result of which the development time of new cars will be reduced by a third.

In addition to the prospects for 2025, BMW briefly looks back. Discussions will continue on the Electric Next program, as well as the fact that over 46,000 employees have been trained in electric mobility over the past eight years. Thanks in part to the creation of the Critical Techworks IT joint venture, BMW has become one of Germany’s largest IT employers.

Of course, the current state of emergency was also mentioned. “Solidarity and responsible action are now the most important,” said Tsipse. The manager says he wants to use a wide range of company resources as flexibly as possible in the near future.