In a series of latest news, two automotive giants are stepping into the EV battlefield as collaborators to catch up with the US automotive giant. The BMW-Mercedes collaboration is all set to challenge the dominance of Tesla in the EV sector by introducing new and vast offerings. Who will win the fight?
‘BMW-Mercedes Collaboration’ Vs Tesla
BMW and Mercedes, renowned for their luxury vehicles, have recognized the growing demand for electric cars and the need to keep pace with Tesla’s innovative EV lineup. Their partnership signals a commitment to invest heavily in electric mobility, introducing many new electric models.
Mercedes CEO Ola Kallenius talked up the car, calling it a “revolutionary development” for the German firm. He further added, “With those efficiency numbers, that kind of range, that kind of fast charging, I am not aware of any vehicle, in that class that can match that.”
On Saturday, BMW showed off the “Vision Neue Klasse,” another electric concept car highlighting the company’s EV ambitions. Neue Klasse is BMW’s new architecture for its EVs. The first vehicles based on this platform are set to enter production in 2025.
“In only two years’ time, these cars will hit the road, and with that, overall, we lead BMW to a new era of innovation and sustainability. That’s the purpose of our show here at the IAA,” said BMW CEO Oliver Zipse. He further added that BMW will double its EV sales this year. He added that by the end of 2023, 15% of BMW’s global sales will be battery EVs.
Reaping the Collaborative Benefits
The BMW-Mercedes collaboration seeks to leverage their collective resources and expertise in pursuing electric excellence. By pooling their knowledge and capital, the two automakers aim to streamline the development and production of EVs, ultimately bringing more choices to consumers seeking sustainable transportation alternatives.
It aims to expand the electric vehicle market by offering various models to cater to various consumer preferences. From compact electric cars to luxury electric SUVs, the partnership intends to cover a wide spectrum of the EV market, providing options for different customer segments.
The automotive industry’s shift towards electric vehicles is driven by environmental concerns, government regulations, and changing consumer preferences. BMW and Mercedes understand the importance of aligning their strategies with these trends. By investing heavily in electric mobility, they aim to reduce carbon emissions and provide cleaner transportation options for consumers.
While Tesla has pioneered the electric vehicle market, BMW and Mercedes have formidable brand recognition and a legacy of producing high-quality vehicles. Their collaboration allows them to combine their expertise and resources to accelerate electric vehicle development and compete more effectively in the rapidly evolving automotive landscape.
The BMW-Mercedes collaboration isn’t just about competing with Tesla; it’s also about future-proofing their businesses. Many countries are announcing plans to phase out internal combustion engine vehicles in the coming years. Automakers must invest in electric mobility to remain relevant in a changing automotive landscape.
Read more news on EV Industry here!