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Automakers

BMW targets 30% battery price drop to take on Tesla

BMW 3-Series on the road
BMW has said it will initially focus architecture using the new batteries on full-electric models for the midsize premium segment, such as the 3 Series. The current 3 Series is pictured.
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By:
Bloomberg
May 11, 2022 09:17 AM

BMW will switch to the next generation of lower-cost batteries for its new electric-vehicle platform from 2025 as automakers battle rising prices for raw materials.

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