BMW unveils electric SUV to challenge Tesla, plans U.S. launch in early 2022
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FILE PHOTO: The BMW logo is seen on a steering wheel during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020.
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By Joseph White
DETROIT (Reuters) - German luxury automaker BMW AG
BMW said the iX should have a driving range of 300 miles (480 km). That's less than the estimated driving range of the Tesla Model X Long Range, which is rated at 371 miles in the United States. BMW said drivers would be able to add 75 miles of range in ten minutes at a fast-charging station.
BMW said the iX would be comparable in size to the current BMW X5 SUV. The dashboard will be a sweeping, curved screen.
The electric iX will enter a fast-growing field of battery-powered SUVs aimed at affluent customers.
Tesla's Model X already has competition from Chinese startup Nio (NYSE: NIO), and General Motors Co's (NYSE: GM) Cadillac brand recently unveiled a mid-size electric SUV called the Lyriq, expected to launch in 2022. Daimler AG's
Ford Motor Co's (NYSE: F) Mustang Mach-E is aiming for a slice of the performance enthusiast market that BMW defined decades ago. Ford said on Monday it intended to add a second model built on the foundations of the Mach-E.
(Reporting by Joe White; Editing by Andrew Heavens and Mark Potter)
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