BMW AG’s response to the challenge posed by Tesla Motors Inc.
will be ready in 2021, years after Audi and Mercedes-Benz plan to roll out their own long-range electric vehicles.
With Tesla planning to enter the mainstream of the luxury-car market with the Model 3 next year, BMW is bringing out the iNext, which will supplant the 7-Series sedan as the brand’s flagship model. The vehicle will come eight years after introducing the squat electric-powered i3 city car in 2013.
Bloomberg article here