BMW is clearly in trouble in terms of battery pack costs:
BMW AG sees no quick way to boost profit from electric cars, with battery capacity and cost set to weigh on the technology for the foreseeable future.
“We simply have to walk through the valley of tears” to figure out how to save more money on producing battery-powered cars, Stefan Juraschek, vice president of electric-powertrain development, told reporters at a briefing at a BMW testing facility in Munich.
With driving ranges limited by current technology, the company expects it to take about seven years to double the amount of energy stored in a battery, which weighs about 230 kilograms (510 pounds) in the squat BMW i3 hatchback. Improving battery performance is key, as “there’s a clear trend to bigger electric cars and longer driving ranges,” Juraschek said.
Tesla doubled their pack capacity in under two years (TE V1 vs TE V2). BMW should be begging Tesla to partner on a GF.
“We’ve learned that people aren’t prepared to pay a higher price for an electric vehicle,” BMW Chief Financial Officer Friedrich Eichiner told reporters in Lisbon last week. “I don’t see some kind of disruptive element coming from electric cars that would prompt sales to go up quickly in the next five to six years.”
Dude, watch the M3 reveal!