Global carmakers and the big EV switch
World over, carmakers are shifting gears towards electric vehicles and ecosystems, with some planning to go all-electric in a few years
Curated By: Ruchika Shah
BMW
The BMW Group’s Project i was launched in 2007, with an initial investment of $100 million to set up BMW i Ventures, says Vikram Pawah, president, BMW Group India. The German carmaker started making EVs in 2013, and today has a range of five electric vehicles, of which the i8 is available in India. Globally, it has sold 2 lakh EVs so far.
The group will set up a 500-million euro venture capital fund over 10 years to invest in electric mobility, autonomous, digitalisation and other future technologies. It recently invested 400 million euros to produce BMW i models at its plant in Leipzig, Germany. An additional 200 million euro investment will be made over the next four years to set up a battery technology concentration centre in Munich. The centre will open in early 2019. BMW manufactures electric models at 10 plants globally, and has invested more than 100 million euros in electric mobility.
The BMW Group’s Project i was launched in 2007, with an initial investment of $100 million to set up BMW i Ventures, says Vikram Pawah, president, BMW Group India. The German carmaker started making EVs in 2013, and today has a range of five electric vehicles, of which the i8 is available in India. Globally, it has sold 2 lakh EVs so far.
The group will set up a 500-million euro venture capital fund over 10 years to invest in electric mobility, autonomous, digitalisation and other future technologies. It recently invested 400 million euros to produce BMW i models at its plant in Leipzig, Germany. An additional 200 million euro investment will be made over the next four years to set up a battery technology concentration centre in Munich. The centre will open in early 2019. BMW manufactures electric models at 10 plants globally, and has invested more than 100 million euros in electric mobility.
