BMW planning for electric future

BMW is making plans to release an electric sedan in its "i" line, an article on the Bloomberg website said.

The four-door sedan is slated for a release in four years. By 2025, the automaker plans to release at least a dozen vehicles that run on electric power alone, the article said. Some new models may include electric versions of the X3 SUV and a self-driving iNext. Improvements to next-gen batteries will make electric cars such as those in the works for BMW able to travel more than 400 miles on a charge, according to the article.

BMW aims to regain its position as the top global luxury automaker by honing in on new technologies as Europe tightens environmental regulations.

BMW also showed off an electric Mini prototype that is expected to be released next year.

BMW CEO Harald Krueger said in the article that all manufacturing plants are gearing up to be able to produce electric vehicles so any model can be built with any powertrain.

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