BMW is pushing for a 30% lower battery price to compete with Tesla

BMW’s next-generation electric vehicles will bring a redesigned battery pack that will cost the carmaker 30 percent less, a source close to the firm said.

The high cost of batteries makes the EVI more expensive than traditional gasoline cars, and increases the cost of components such as lithium and nickel that go to cells that make up 80 percent of a battery pack, making it difficult for automakers to lower the EVI’s retail price. BMW hopes that the new design of the pack will give it a quality advantage and help offset the rising prices of those raw materials.

Bloomberg The report says that cars using BMW’s upcoming Neue Klasse platform, which has been online since 2025, will match Tesla, which already employs a cylindrical cell design. Sources say the new batteries will be manufactured by BMW’s existing suppliers, but the design will help meet its goal of reducing costs by 30 percent. BMW’s current battery suppliers include CATL and EVE Energy in China, Samsung SDI in South Korea and Northvolt in Sweden.

Related: This BMW batmobile has 450 electric horsepower thanks to a Tesla powertrain

The Generation 6 battery will be cheaper and have a higher power density than the i4

BloombergIts acquaintances also claim that BMW’s new battery cells will provide higher power densities by “at least a double-digit percentage” than Tesla cells, which could help German firm EVs with a higher driving range for cars like the Tesla Model 3. And Model Y.

BMW’s Neue Klasse Architecture, named after the 1962 saloon that led the brand’s transformation from a loss-making company to a bizarre rear-engine car to today’s successful premium automaker, launches in 2025 and will come in both high and low. Versions for use in both SUVs and conventional sedans.

Although designed as an EV platform, BMW did not rule out the possibility of adding other power sources to NK cars in the 15-20 years of architecture, and many markets will offer a conventional non-series as well as 3-series-sized Neue Klasse. -EV 3-Series, at least for the first few years. Solid-state battery technology will also make an appearance, but the platform won’t be ready for a few years after its mid-decade debut.

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