Frankfurt — BMW will not mass produce electric vehicles (EVs) until 2020 because its current technology is not profitable enough to scale up for volume production, its CEO Harald Krüger said on Thursday. Munich-based BMW unveiled its first battery EV in 2013, and has been working on different generations of battery, software and electric-motor technology since then. The i8 Roadster model, due to hit showrooms in May, is equipped with what BMW calls its fourth-generation electric-drive technology. Advances in the understanding of battery raw materials and chemistry has increased its range by 40% over the previous version, BMW said. The company is working to make EV technology more modular and scalable to make mass production commercially viable. "We wanted to wait for the fifth generation to be much more cost competitive," Krüger told analysts in Munich. "We do not want to scale up with the fourth generation." The cost advantage between BMW’s fourth and fifth generation EV technology...

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