As the world’s largest automotive market, China is a mecca for carmakers. The worldwide push for electric mobility is spurring BMW to aim for a starring role on this stage, with plans to add more charging stations across the country.
BMW is gearing up to claim a big share of China's EV market
In a report from Nikkei Asia, the German marque announced that it is teaming up with local partners to build some 360,000 additional electric vehicle (EV) charging points, 150,000 of these being capable of supporting fast-charging modes. The stations will not be exclusive to BMW EV models, as vehicles from other brands will also be able to use them.
German rival Volkswagen also inked a deal to build more charging stations in the mainland
BMW Group China President and CEO Jochen Goller says this is part of the company’s ambitious undertaking to corner demand for EVs in the Middle Kingdom, with 12 fully-electric models planned for launch in the Chinese market by 2023. BMW’s goal is to have at least one EV out of every four models sold in China by 2025.
In 2020, BMW signed a deal with Chinese utility firm State Grid Corporation for a joint expansion of China’s charging network. Another German carmaker, Volkswagen, also set up a joint venture with Shanghai-based start-up Du-Power New Energy to build 170,000 flexible quick-charge stations through partnerships.
The tie-ups have appeared necessary, as major carmakers who once reigned supreme with combustion vehicles have so far struggled against dedicated electric brands such as Tesla.
The lack of charging stations in China has hampered EV adoption among customers
Chinese government support for the shift to EVs has been consistent, with more than 300,000 charging pillars available in the mainland. But EV adoption has yet to become more widespread, as China’s vast geographical size continues to dwarf existing charging infrastructure.
China Passenger Car Association Secretary-General Cui Dongshu believes building additional charging points will spur EV demand. “Building charging points is not expensive,” he says. We think it is an effective way to strengthen brand competitiveness and encourage purchases by customers.”
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Know more about BMW
As of 2023, BMW Philippines offers a total of 12 models, of which the most affordable is the 1-Series entry-level premium hatchback. Its sole variant in the market is priced at Php 2,690,000.
Other BMW car models available locally includes the 2 Series subcompact executive sedan, 3 Series compact executive sedan, the 5 Series and 6 Series midsize executive sedan, the 7 Series fullsize luxury sedan, the X1 subcompact luxury crossover, X3 and X4 compact luxury crossover, X5 midsize luxury crossover, the X7 fullsize luxury crossover, and the Z4 coupe sports car.
Apart from the BMW price list for 2023 that we update on the regular, Philkotse.com also lists the latest and hottest car promos ranging from low monthly amortizations, low downpayments, and cash discounts.
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