BMW's New Electric iX SUV Will Challenge Tesla, But Not Until 2022

German automaker BMW (OTC: BAMXF) (OTC: BMWYY) unveiled a new battery-electric SUV on Wednesday, revealing that it will go on sale in the U.S. in 2022 to compete directly with Tesla (NASDAQ: TSLA) and upcoming electric models from other global automakers. 

BMW expects its new electric SUV, called the iX, to have a range of at least 300 miles under the strict U.S. Environmental Protection Agency (EPA) standard. That falls short of the Tesla Model X's 371-mile EPA range, though it should be ample for most customers. 

The iX will have fast-charging capability compatible with DC Fast chargers up to 200 kilowatts. A 200-kilowatt charger can add 75 miles of range to an iX in 10 minutes, BMW said.

Continue reading

Source Fool.com