admin Targeting urban buyers, BMW AG’s first electric Mini will hit the streets by the end of the year, and giving the German manufacturer more ammunition to compete with Volkswagen AG’s ID.3 hatchback and Tesla Inc.’s Model 3.
The 32,500 euro ($36,400) car adds an electric motor and battery to the existing three-door Mini Cooper SE, which was developed with a battery version in mind, the Munich-based carmaker said Tuesday after unveiling the vehicle in Rotterdam.
BMW has assured to produce the model, with a driving range of as much as 270 kilometers (168 miles), at its Oxford plant in England until at least 2023 despite the U.K.’s planned exit from the European Union, which could complicate the trade of vehicles and parts.
A new Mini Cooper SE electric automobile sits on display at Bayerische Motoren Werke AG’s (BMW) Mini final assembly plant in Cowley near Oxford, U.K., on Tuesday, July 9, 2019. BMW’s first electric Mini will hit the streets by the end of the year targeting urban buyers with a driving range of as much as 270 kilometers (168 miles) to compete with Volkswagen AG’s ID.3 hatchback and Tesla Inc.’s Model 3.
The battery Mini is BMW’s second all-electric car after the i3 city car, which was unveiled in 2013. Disappointing sales for the model meant the electric car buzz stayed around Tesla and VW had time to catch up. VW started taking paid reservations for its ID.3 in May for first deliveries by the middle of next year. The base version of that model costs less than 30,000 euros and has a driving range of 330 kilometers. Tesla’s Model 3, priced from 44,500 euros in Germany, went on sale in Europe in February and can drive as far as 409 kilometers on a single charge.
Carmakers are facing the difficult task of developing a costly electric model lineup while demand remains hard to predict. Battery-car sales in Europe rose 48% last year, but at just over 200,000 vehicles, they made up a fraction of the 15.6 million new car registrations. The high cost of batteries also makes electric cars far less profitable to manufacture than combustion-engine vehicles.
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