BMW is making good on its commitment to building an electric car for the urban environment.
The German automaker has announced that it plans to invest $744 million to move ahead with production of the all-electric Megacity at its assembly plant in Leipzig in old East Germany. As part of the project, BMW also planning to build a carbon fiber plant in the U.S. probably in the State of Washington.
The announcement coincides with word BMW will put its striking Vision Efficient Dynamics Concept vehicle into production. The high-performance plug-in hybrid will be capable of launching from 0 to 60 in just 4.8 seconds while still getting about 31 miles on battery power before its diesel engine fires up. Unlike the relatively mainstream Megacity, the Vision will be priced at somewhere around $200,000 (Click Here for more.)
The Megacity, which is designed strictly as an urban vehicle, is BMW’s first battery-powered auto, and it will be sold under a new sub-brand when it reaches showrooms in 2013. Passengers in the four-seat car will be protected by a carbon-fiber safety cell, similar to a Formula 1 race car.
BMW first announced Megacity last winter but is now taking preliminary steps to implement the project, which company officials say is a direct response to the steady growth in urban areas around the globe.