As the automotive industry shifts towards electric vehicles, the BMW i4 emerges as a strong contender in the electric sedan market. With impressive sales growth and innovative features, the i4 is poised to compete with rivals like the Nissan Maxima EV, Hyundai Ioniq 6, Sony/Honda Afeela EV sedan, and Tesla Model 3.
BMW’s Commitment to Electric Vehicles
The BMW Group has seen significant growth in global sales of fully-electric vehicles, with a staggering 83.2% increase in Q1 2023. The BMW brand alone more than doubled its sales of fully-electric vehicles, delivering 55,979 units to customers. The company plans to offer at least one fully-electric model in every major segment of its business, with the rollout of the new BMW i5 this year. By 2024, at least one in five of the company’s new vehicles should have a fully-electric drive train; by 2025, one in four newly delivered vehicles should be a BEV, and, by 2026, about one in three.
BMW i4: Performance and Features
The BMW i4 boasts impressive performance, with the i5 eDrive40 having a power output of 250 kW (340 PS) and an estimated EPA rating of 295 miles. The i5 M60 xDrive, on the other hand, features two electric motors making a combined 440 kW of power, with horsepower numbers rated between 590 and 598. Both models are built on the flexible CLAR architecture and use Gen 5 powertrains and battery packs. The i5 M60 xDrive also comes equipped with Integral Active Steering for improved handling.
BMW XM: The First Electrified High-Performance Model
BMW is also launching the new BMW XM Label Red at Coachella 2023, marking the first electrified high-performance model from BMW M GmbH. The car features a V8 engine and an electric motor, generating an output of 480 kW (653 hp). With bold lines, powerful Sports Activity Vehicle proportions, and distinctive front-end styling, the BMW XM Label Red will be the most powerful series-produced car in the history of BMW.
EV Thermal System Market Growth
The global EV thermal system market size is anticipated to be around US$ 2,243.7 million in 2023, with a CAGR of 21.4% expected to reach a valuation of US$ 15,600.9 million by the end of the forecast period. The rising popularity of zero-emission cars has driven the expansion of the thermal system for EVs market, with key players like Borg Warner Inc., Dana Limited, Hanon Systems, Valeo SA, Denso Corporation, and Robert Bosch GmbH leading the charge in research and development.