Munich. The 68th IAA Cars show in Frankfurt is the venue for the unveiling of the BMW Concept 4 – a future-focused interpretation of the BMW Group’s enduring DNA that represents the magic of coupe driving at its most exciting. “The BMW Concept 4 embodies the aesthetic essence of the BMW brand. It combines perfect… Continue reading BMW Concept 4
Tag: BMW
BMW at the IAA Cars 2019 in Frankfurt.
Franfurt am Main. The BMW stand at the IAA Cars 2019 international motor show in Frankfurt am Main focuses on the theme of future driving pleasure. Alongside the latest new additions across a broad range of segments revealed by BMW as part of its ongoing product offensive, the premium carmaker is also exhibiting fascinating vehicle… Continue reading BMW at the IAA Cars 2019 in Frankfurt.
Speech Oliver Zipse, BMW Group Press Conference at the Frankfurt Motor Show 2019
Oliver Zipse, Chairman of the Board of Management of BMW AG: Ladies and Gentlemen, Good morning and a very warm welcome! Thank you for joining us, it’s a great pleasure to be here. Also a big “hello” to everyone watching on livestream. At the BMW Group, we are always looking ahead, thinking about the next… Continue reading Speech Oliver Zipse, BMW Group Press Conference at the Frankfurt Motor Show 2019
Next milestone: BMW Group aims to have one million electrified vehicles on the roads in 2021
Munich. The BMW Group is focusing on the next electromobility milestone: “By the end of 2021, we aim to have a total of one million electrified vehicles on the roads,” stated Oliver Zipse, Chairman of the Board of Management of BMW AG, at the International Motor Show (IAA) in Frankfurt on Tuesday. “We are already… Continue reading Next milestone: BMW Group aims to have one million electrified vehicles on the roads in 2021
BMW i Ventures’ Investment in Cartica AI
We are thrilled to announce our investment in Cartica AI. Cartica AI brings a new approach to computer vision in automotive applications, leveraging proprietary technology developed over more than 10 years. This is the first round of financing for the newly created company, which is a spin-off from the company Cortica that has been developing… Continue reading BMW i Ventures’ Investment in Cartica AI
BMW i Ventures’ investment in Yellowbrick
We are thrilled to announce BMW i Ventures’ investment in Yellowbrick, the technological leader in big data warehouse solutions. Yellowbrick helps businesses derive value from large data sets in real-time. Their unparalleled performance is based on an integrated full-stack system of hardware and software including their own database and file storage system. Our Series C… Continue reading BMW i Ventures’ investment in Yellowbrick
Why Xometry will win the on-demand manufacturing market
If you ever talk to engineers or product designers working on autonomous vehicles, space capsules, rockets or engine components, you would hear them mentioning how difficult and time consuming it is to find optimal manufacturing process for their needs. On the other hand, if you have a chance to talk to machine shops, you would… Continue reading Why Xometry will win the on-demand manufacturing market
Hyundai Alongside Kia Invests In IONITY Fast Charging Network
Hyundai and Kia join IONITY to use up to 350 kW at 800 V from 2021 on. Hyundai Motor Group (Hyundai and Kia) has announced an investment in the IONITY fast-charging network, a joint venture founded for the European market in 2017 by BMW Group, Daimler AG, Ford Motor Company and the Volkswagen Group with Porsche… Continue reading Hyundai Alongside Kia Invests In IONITY Fast Charging Network
Carmakers near CO2 cliff-edge in electrification race
PARIS/FRANKFURT (Reuters) – Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply. FILE PHOTO: A model of an electric Mini car is pictured at the booth of Siemens at the Hanover trade… Continue reading Carmakers near CO2 cliff-edge in electrification race
New Faraday Future CEO co-founded Byton and led the BMW i8 program
Faraday Future announced last week that it hired Byton co-founder Carsten Breitfeld as its global CEO, replacing the company’s controversial founder, Jia Yueting.
Jia ran into conflict with investors after a separate e-commerce company he owned in China, LeEco, allegedly defaulted on debts and failed to return to China to pay them when the government ordered him to do so. LeEco also aimed to build electric cars.
Last year Faraday lined up a new investment from Hong Kong conglomerate Evergrande to set up a factory and build several prototypes in California, But when Evergrande wouldn't provide a next payment, it had to lay off much of its staff and shutter the factory. All of its founding executives except Jia left.
Since then, the company has been working to secure more investors to restart production. As a condition of their investment, most new investors have reportedly insisted on Jia’s departure.
Faraday Future FF91 prototype
In its latest announcement, Faraday Future says Jia is not leaving the company, but is stepping down as CEO to become Faraday’s Chief Product and User Officer, a role perhaps similar to that Bill Gates took on after stepping down as Microsoft’s CEO.
He will be replaced as global CEO by Breitfeld, a mechanical engineer credited with leading the development of the BMW i8 and who more recently served as co-founder, chairman, and CEO of Chinese electric carmaker Byton.
Under its new lead investor, Chinese gaming company The9, Faraday Future is contracted to develop a new cheaper electric vehicle for the Chinese market.
It will also resume work on the Faraday Future FF91, a model that is likely to be significantly more expensive than the Tesla Model X. The car is expected to be built at a former Pirelli tire factory in Hanford, California.