BMW increases i3 Production to Meet Increasing Demand

BMW announced their increase in i3 electric car production by 43 percent to meet demand. The orders for the vehicle has exceeded the carmaker’s initial expectations that they needed to increase the daily production from 70 to 100 vehicles at the Leipzig plant.

BMW has already built more than 5,000 units of the i3 for 2014, said Harald Krueger, BMW production chief. The current production rate translates to about 20,000 vehicles for the full year, almost twice as much as BMW’s initial sales forecast.

“Following the market introduction in Europe, we’re now rolling out the i3 in the U.S.,” Krueger said in the statement. “The U.S. will be the largest market for the i3.”

Source: Bloomberg