BMW Says Tesla 'Needs To Close The Gap With Us' As German Auto Giant Touts Battery Design Superiority
Portfolio Pulse from Benzinga Neuro
BMW (OTC:BMWYY) has claimed that its latest battery designs surpass those of Tesla Inc. (NASDAQ:TSLA). BMW's forthcoming cylindrical battery cell samples are projected to deliver 20% more energy and up to a 30% increase in range, slash costs by 50%, and reduce production-related carbon emissions by 60%. Despite Tesla surpassing BMW as the top luxury car in the U.S. for 2022, BMW’s latest battery technology and production plans demonstrate the company’s commitment to close the gap with Tesla and strengthen its position in the EV market.
November 06, 2023 | 12:26 pm
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POSITIVE IMPACT
BMW's new battery technology could potentially strengthen its position in the EV market and increase its competitiveness against Tesla.
BMW's new battery technology, which is projected to deliver more energy and range, reduce costs, and lower carbon emissions, could potentially make its EVs more attractive to consumers and increase its market share. This could have a positive impact on its stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
BMW's new battery technology could potentially pose a threat to Tesla's dominance in the EV market.
If BMW's new battery technology delivers on its promises, it could potentially make BMW's EVs more competitive against Tesla's, which could impact Tesla's market share and stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100