BMW: 12 New Electric Cars to Challenge Tesla

BMW: 12 New Electric Cars to Challenge Tesla

BMW AG (NASDAQOTH: BAMXF) will launch 12 new all-electric vehicles between now and 2025, as part of a larger move into electrified drivetrains, the company said on Wednesday -- and it will unveil one of them next week.

Speaking at an event on Wednesday, BMW CEO Harald Krueger said the company will reveal a new all-electric four-door sedan at next week's auto show in Frankfurt, Germany. The new model will join BMW's "i" sub-brand, slotting in between the small i3 and the i8 sports car. 

BMW CEO Harald Krueger said the company will reveal a new electric sedan next week. Image source: BMW AG.

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Source: Fool.com