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.”
In a recent press release, German automaker Audi has confirmed that the expected range of its all-electric e-tron Quattro SUV on the WLTP driving cycle will be “over 400 kilometers (248.5 miles)” on a single charge.
In an announcement made during Ford’s latest financial report this week, CEO Jim Hackett said that passenger cars are being phased out by the automaker, with its focus having shifting chiefly to electric vehicles (EVs) and trucks.
At a stylish unveiling event held recently at the Louvre Museum in Paris, Chinese electric scooter manufacturer Niu unveiled its two new electric scooters developed especially for the European market.
After Tesla’s most recent Model 3 production shutdown for adding a new production line, the automaker recently invited a Bloomberg team to its manufacturing plant in Fremont, to have a look at the Model 3 production line.
According to EV magazine Electrek report, US electric vehicle maker Tesla has hired Swedish automaker Volvo’s Senior Exterior Designer Ian Kettle, in a new role at the Tesla Design Studio in Los Angeles.
On Tuesday, U.S. automaker General Motors (GM) announced that the company plans to introduce 10 more new energy vehicle models in China during the period between 2021 and 2023.