Everyone has been waiting for electric SUVs for some time, here is BMW’s first the iX. This 100% electric SUV will become the flagship of the brand. Unveiled yesterday at the brand’s headquarters in Munich, it is powered by two electric motors that drive all four wheels and deliver no less than 500 horsepower. It is expected to go on sale in Europe at the end of 2021 and in the United States at the beginning of 2022.
About 500 km of autonomy
According to WTLP standards, BMW advertises 600 km of range, which translates to approximately 500 km by EPA standards in the United States. The dimensions of the iX are roughly similar to those of the BMW X5. It is the first BMW model to be based on a whole new technology designed for pure electric mobility, the automaker said.
A delay to catch up
Faced with brands like Tesla, German manufacturers including BMW have fallen far behind. While the small American company had bet on all electric in 2012, BMW, Mercedes Audi and Volkswagen had all bet on Diesel before Diesel burst in 2015. A mistake that was costly, because the stock market shares of BMW are down more than 40% from their 2015 peak, valuing the company at around 45 billion euros (C $ 69 billion). At C $ 508 billion, Tesla’s market capitalization is more than seven times larger. The iX, which BMW pitched as the iNext concept in 2018, is set to go on sale in Europe next year for around $ 100,000, a price that portends niche sales volume compared to the half-million vehicles. that Tesla plans to deliver worldwide this year.