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Blog - Latest News
BMW Management

BMW Management Focuses on EVs

July 17, 2019/in In the News/by Gray Leigh

BMW Management Fixated on Clean Energy Transportation

Despite being an early adopter of electric vehicles, BMW has fallen behind the clean energy 8-ball. Consequently, CEO Harald Krueger has elected to step down at the end of his 4-year term. BMW management is yet to name a replacement.

READ: Toyota Electric Car Line Due Earlier than Expected

Although BMW beat most competitors to market, the company hasn’t seen EV success beyond the i3. Evidently, analysts suggest Krueger was too conservative in his approach to emission-free vehicles.

As a result, BMW finds without footing in a cluttering electric car market.

BMW Management

Automakers Fixate on Electric Vehicle Fleets

Such intense competition has the potential to dethrone Tesla as the market champion.

Most of the world’s largest automakers have announced EV fleets. However, many are going about it in different ways.

Ford targets the middle-class, promising to offer a full range of affordable models. Meanwhile, most automakers focus on the luxury market.

Emission Regulations Tighten in Europe

BMW ManagementUltimately, every brand from Harley-Davidson to Honda will soon boast clean energy offerings. Furthermore, new players like Dyson have also put their innovative hats in the ring.

Nevertheless, factors beyond competition forced out the incumbent BMW CEO. Evidently, emissions standards in the EU continue to tighten.

More than ever, the European continent vies for carbon neutrality. This has led to the creation of the world’s first carbon neutral EV factory by Audi.

For BMW to thrive in the lithium-ion age, Krueger’s successor must shift focus away from combustible engines.

Related Articles

Apple Electric Vehicles: Will They or Won’t They?

EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

Netherlands EV Share World’s 2nd Best

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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