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

Next week, BMW (NASDAQOTH: BAMXF ) is rolling out its new, all-electric i3. This move marks BMW’s first launch into the niche market of all-electric cars, but BMW’s not going in halfway. In fact, BMW is doubling down on its venture into EVs and teaming up with U.K.-based EV charging station provider Chargemaster, in a venture to build fast charge ChargeNow stations for BMW’s new i-Series. Here’s what you need to know.

BMW i3 Concept Coupe, November 2012. Photo: BMW USA.

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

The standard i3 uses a 22kWh lithium-ion battery, delivers 168 horsepower and 184 pound-feet of torque, and can go 0 to 60 mph in 7.2 seconds. More pointedly, reviewers such as Edmunds and BBC’s Top Gear test-drove the i3 and raved about the way it performed. According to official European Union test procedures, the i3 can go 118 miles on pure battery in comfort mode. Moreover, BMW says that in the worst conditions the i3 will go 81 miles on pure battery. If that’s not far enough, thanks to BMW’s e-drive technology, the driver has the option of putting the i3 in an “EcoPro” mode that extends the initial range to 124 miles per charge.

More http://www.fool.com/investing/general/2013/07/27/is-bmw-building-its-own-ev-charging-stations.aspx

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