Ola Electric raises ₹3,200 crore for expansion

Producing the highest output ever for an all-electric car from the BMW Group, the BMW i7 M70 xDrive marks another milestone for BMW M GmbH in its electric mobility transformation. Following the launch of the BMW i4 M50 – BMW M GmbH’s best-selling model worldwide in 2022 – and the BMW iX M60, this is now the company’s third performance model to have an all-electric drive system. The success of electric propulsion among BMW M brand enthusiasts, the consistent expansion of the product offering and the repeated increases in drive system output clearly highlight the huge potential of electric tech to deliver performance that captures the imagination. It will be built at BMW Group Plant Dingolfing, together with all other model variants of the luxury sedan. As well as being the lead plant for luxury models, the production facility in Lower Bavaria is also home to the competence centre for electric drive system production, which manufactures both the electric motors and the high-voltage batteries for all variants of the BMW i7 on site. The worldwide launch of the BMW i7 M70 xDrive will start in the second half of 2023.