BMW releases details of all new electric concept car

BMW has recently released the details of an electric concept car, with production of the vehicle expected to start in 2021.

In an interview with CNBC Tuesday, CEO Oliver Zipse described the BMW Concept i4 vehicle as bringing “electromobility to the heart of the BMW brand.”

“It’s fast, it has an acceleration of less than four seconds from zero to 100 kilometers an hour, it has a range of 600 kilometers (about 373 miles),” Zipse, who was speaking to CNBC’s Annette Weisbach, said. The price is yet to be announced.

He went on to note that the company sold more than 140,000 electrified vehicles last year, stating he was “quite positive about our profitability in the future, even with electromobility.”

BMW, joins other top tier car makers such as VW and Toyota by making moves in the rapidly expanding electro mobility sector.

In 2017, the BMW Group said it expected “electrified vehicles to account for between 15-25% of sales.” Last year, it announced it would, together with China’s Great Wall Motor, construct a plant in Zhangjiagang, Jiangsu province, that will produce fully-electric models of its Mini brand.