China is currently the most important market for electric vehicles in the world by posting, but both the US and Europe are hard at work trying to bridge the gap . Yet more and more car manufacturers on a global level are convinced that Chinese supremacy will remain such for several years: among these there is BMW , which through the words of CFO Nicolas Peter recalled how the overall market of NEVs (new energy vehicles ) in China is expected to reach 13 million units in 2025, with more than 25% of these expected to be battery electric vehicles.
“The estimates match our plan to increase our BEV sales in China to around 25% of total sales by 2025 , ” added Peter. The German carmaker has expanded its electrical product portfolio in the Asian country, and currently offers five battery-powered models to Chinese customers: by the end of next year, this figure is expected to increase to 13. “In China, despite continuing challenges imposed Since the Covid-19 pandemic, we have tripled the sales of our fully electric models in the first quarter of 2022, thanks to the popularity of the highly anticipated new models, such as the BMW iX, the BMW i4 and the already established BMW iX3 – said Peter -In 2022, our company expects to double global sales of pure electric vehicles compared to 2021. We are fully on track to achieve our ambitious growth targets ”.
These days BMW has launched production of the new i3 , tailor-made for the Chinese market: it will take place in the new plant of the German car manufacturer called Lydia in Shenyang, in the north-east of the country. ” We expect China to remain the largest car market in the world – concluded the CFO of BMW – The Chinese government is committed to adopting new political measures to increase car sales in the country”.