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BMW, competing with Tesla, to introduce electric 3 Series - Handelsblatt
June 28, 2017 / 6:27 PM / 6 months ago

BMW, competing with Tesla, to introduce electric 3 Series - Handelsblatt

FRANKFURT (Reuters) - BMW (BMWG.DE) plans to introduce an electric version of its popular 3 Series in September, a move designed to fend off rival Tesla (TSLA.O), Handelsblatt reported on Wednesday.

A BMW logo is seen at a car dealership in Vienna, Austria, May 30, 2017. REUTERS/Heinz-Peter Bader

The German carmaker will present the vehicle at the IAA auto show in Frankfurt in September, the paper said.

    The 3 series, which is a high volume sales model, will have a range of 400 km (248 miles) and is seen as a direct response to the success of Tesla’s Model 3, according to Handelsblatt.

    BMW declined to comment.

    Reporting by Edward Taylor; Writing by Tom Sims; editing by Susan Thomas

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