Is BMW Building Its Own EV Charging Stations? (BAMXF)

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Great Wall C20R EV

Is BMW Building Its Own EV Charging Stations?

week, BMW ( NASDAQOTH: BAMXF ) is out its new, all-electric i3. This marks BMW’s first into the niche market of cars, but BMW’s not going in In fact, BMW is doubling down on its into EVs and teaming up with EV charging station provider in a venture to build fast ChargeNow stations for BMW’s new

Here’s what you need to

BMW i3 Concept Coupe, November Photo: BMW USA.

BMW’s new EV

We know for certain what the i3 like until next but that hasn’t dampened the buzz surrounding the new EV. Built renewable materials when the i3 has a full carbon-fiber structure lends to the i3’s overall of 2,634 pounds — than General Motors ( NYSE: GM ) Chevy Volt, Motors ‘   Leaf, and Motor ‘s Prius plug-in

The standard i3 uses a 22kWh battery, delivers 168 horsepower and 184 of torque, and can go 0 to 60 mph in 7.2 seconds. More reviewers such as Edmunds and Top Gear test-drove the i3 and raved the way it performed. According to official Union test procedures, the i3 can go 118 on pure battery in comfort Moreover, BMW says that in the conditions the i3 will go 81 miles on battery.

If that’s not far enough, thanks to e-drive technology, the driver has the of putting the i3 in an EcoPro mode extends the initial range to 124 per charge.

Still not enough With the purchase of the optional extender — a 650cc gasoline engine that as a generator and doesn’t provide — the range on the i3 is almost And the best part?

The i3 has a base of $41,350, making this car a threat to Chevy’s Volt.

charging stations, please

with these impressive the i3, as an EV, faces what all EVs face: anxiety. No one wants to be stranded in the of nowhere, and with charging few and far between, that’s a real Luckily, BMW is aware of this and to help offset it, it’s an estimated 2% equity stake in

Great Wall C20R EV

The exact details of the deal yet been released, but what is is that the deal involves both companies team up for a period, to build fast-charge stations across the U.K. for i-Series.

Taking into that the U.K. is BMW’s largest sales market in the an expanded infrastructure is fantastic for consumers considering the i3 but worried range. Also good BMW claims the i3 can recharge in as little as 30 when connected to a 50kW station.

What about charging in the U.S?

Right now, quick-charge stations are only for the but that doesn’t mean it use the same approach in the United The U.S. is BMW’s largest by sales — although is expected to surpass the U.S. in 2013 — and building a infrastructure in the U.S. would have a positive impact on EV sales. Furthermore, the i3 isn’t only car to launch into the EV The i8 extended-range plug-in hybrid is later in 2014, and it’s an vehicle, to say the least.

Clearly, moves signal that BMW is its considerable weight into is still a niche market. How pan out has yet to be seen, but considering BMW’s this is something to watch both for how i affects BMW’s line, and for how it affects other EV sales.

Are you interested in placing your on the auto industry? Well, EVs are a niche market, and they remain that way for a while. But automakers have their in EVs and are expanding into one of the great frontiers — China. The Kingdom is already the world’s auto market, and it’s set to even bigger in coming

A recent Motley Fool 2 Automakers to Buy for a Surging Chinese  names two global giants to reap big gains that drive big rewards for investors. You can this report right now for — just click for instant access.

Great Wall C20R EV
Great Wall C20R EV
Great Wall C20R EV
Great Wall C20R EV
Great Wall C20R EV
Great Wall C20R EV

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