Bmw cuts prices on new electric suv

BMW has confirmed its iX3 will start from just over £45,000 (399,900 yuan) in a drop of around 15 percent from its original value last September. The German car firm has also cut the price

of a higher-end version of the iX3 by almost £8,000 (70,100 yuan). The cost reduction is in direct response to Tesla's 30 percent reduction on its Model Y earlier this year. Tesla

dropped prices to just £39,454 (339,900 yuan) according to reports from Chinese media. Chinese new electric start-up Nio is currently selling its new model from just over £40,500 (358,000)

making it one of the more expensive models on the market. Tu Lee from advisory firm Sino Auto Insights said BMW’s new iX3 will be “competing directly” against the Tesla and Nio. READ MORE: 

RENAULT 5 TO RELAUNCH AS ELECTRIC CAR The BMW iX3 will be available for £58,850 when the model is launched in the UK. The model is the latest to enter BMW’s roster of electric vehicles but

is their first EV Sports Activity Vehicle. Latest WLTP testing figures predict the car will be capable of 285 miles when running on a single charge. Owners will receive a new BP Pulse wall

box meaning drivers can charge their cars faster than a conventional socket. The car is also fitted with a unique kidney grille and blue accents under its trims as similar to other BMW

electric models. The car also contains a wide-range of top technology including a new Parking Assistant Plus feature as standard, A new Driving Assistant tool is also included which features

safety steering and lane control, emergency stop tools, cruise control and speed limit assist technology. The new iX3 is available for pre-order now with the first customers expected to

receive their vehicles from the summer of 2021.