MUNICH -- BMW expects a significant increase in group profit in 2021 as it forecast a strong performance in all key business operations. The automaker also targeted a steep rise in electric-vehicle sales.
The automaker plans for about half of total sales to be fully electric by the end of the decade, it said Wednesday. The company also confirmed that the Mini brand will only sell battery-powered cars by the early 2030s.
The BMW i4 sedan will be launched three months ahead of schedule this year. The company said it will disclose the i4's sales date in the next weeks. Its iX flagship electric SUV will go on sale by the end of the year. The iX will start at 77,300 euros ($91,960) in Germany, a similar price to the X5, BMW said.
Both models will join the electric Mini, BMW i3 city car and the iX3 SUV that are already on sale.
Full-electric versions of the BMW 5 Series and the X1 will follow, together with electric versions of the 7 Series and the successor to the Mini Countryman. The last Mini with a combustion-engine variant will be released in 2025. The automaker's Rolls-Royce brand will get full-electric models, BMW said.
"We have a clear road map for making the transformation of our industry a real competitive advantage for BMW in the coming years," CEO Oliver Zipse said in a statement. "We have started the new year with strong momentum and are aiming to return to pre-crisis levels as swiftly as possible," he said.