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BMW to deliver electric car in China in September – Yahoo News

SHANGHAI (Reuters) – BMW will start delivering imported electric cars in China in September, with pre-orders indicating short supplies in a market that could become the world’s biggest for green vehicles, China president Karsten Engel said on Wednesday.

The German premium automaker will sell its all-electric powered BMW i3 sedan and plug-in hybrid i8 sports car in four Chinese cities initially, with a sales cap of 1,000 vehicles this year, Engel said. The i3 starts at 450,000 yuan ($72,000), cheaper than some had expected.

“There are many more customers than supply,” Engel told reporters in Shanghai, where BMW launched a project to build charging facilities with State Grid Corp of China and Expo Shanghai Group.

More http://news.yahoo.com/bmw-deliver-electric-car-china-september-143859232–finance.html

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