Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is BAYERISCHE MOTERENWE (BAMXF) Building Its Own EV Charging Stations?

Next week, BAYERISCHE MOTERENWE (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 BAYERISCHE MOTERENWE (OTCMKTS:BAMXF)’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 Company (NYSE:GM)‘ Chevy Volt, Nissan Motors Leaf, and Toyota Motor‘s Prius plug-in hybrid.

BAYERISCHE MOTERENWE (OTCMKTS:BAMXF)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, BAYERISCHE MOTERENWE (OTCMKTS:BAMXF) 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.

Still not enough range? With the purchase of the optional range extender — a 650cc two-cylinder gasoline engine that acts as a generator and doesn’t provide propulsion — the range on the i3 is almost doubled. And the best part? The i3 has a base MSRP of $41,350, making this car a serious threat to Chevy’s Volt.

More charging stations, please
Even with these impressive specs, the i3, as an EV, faces what all EVs face: range anxiety. No one wants to be stranded in the middle of nowhere, and with charging stations few and far between, that’s a real possibility. Luckily, BAYERISCHE MOTERENWE (OTCMKTS:BAMXF) is aware of this problem, and to help offset it, it’s buying an estimated 2% equity stake in Chargemaster. The exact details of the deal haven’t yet been released, but what is known is that the deal involves having both companies team up for a five-year period, to build fast-charge ChargeNow stations across the U.K., for BMW’s i-Series.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.