BMW admits that Tesla’s electric push is putting pressure on other automakers
According to a recent Bloomberg report, German automaker BMW has acknowledged the fact that US electric vehicle maker Tesla’s Model 3 electric car is ‘putting pressure’ on the midsize sedan segment of the auto market.
The acknowledgement of the impact of Tesla Model 3 on the midsize sedan segment has recently come from BMW in coincidence with the automaker’s reporting of its latest sales figures in the US. BMW has reported that the sales of its midsize sedans witnessed a plunge in the US in 2018, although its overall sales in the country recorded a marginal increase in the month of September.
The sales of the popular BMW 3 Series sedan have apparently been hit significantly by the increasing sales of Tesla Model 3 in the US.
With Tesla having ramped up its Model 3 production and focusing the deliveries of the vehicle in the US and Canada, BMW’s 3 Series is evidently losing out on its popularity. Tesla had reported in the last quarter that BMW 3 Series sedan was among the top 5 cars which were being traded in by Model 3 buyers.
Admitting that Tesla’s electric push is putting pressure on other automakers in the midsize sedan segment, Bernhard Kuhnt -- CEO of BMW North America -- said during the course of a recent interview: “Tesla is now ramping up their volumes, and it’s putting pressure on that market segment.”
According to reports, electric vehicle manufacturer Tesla will conclude the first quarter of 2018 on a strong note, thanks to a big push being made by the company with Model 3 deliveries this week.
According to reports, the U.S. Federal Aviation Administration has given an airworthiness certification to the Alpha Electro all-electric trainer plane produced by Pipistrel, a Slovenia-based light aircraft manufacturer.
German automobile majors Daimler AG and Volkswagen are putting in serious effort and funds for development of electric vehicles. As per latest reports, more than 50 electric vehicles will be in the market by year 2022.
Chinese electric vehicle (EV) manufacturer Kandi has recently marked its official foray into the US market, with the launch of two new EVs --- the EX3 all-electric SUV, and the K22 subcompact electric car.
CruZer Scooter has recently announced the launch of its new Chinese-manufactured e2000 electric scooter in the US. The newly-launched e2000 is a full size electric scooter which can seat two passengers.
Daimler has partnered with BYD in China to unveil a new long-range all-electric car under its Denza brand. The new Denza electric car unveiled for the Chinese market is called the DENZA 500.