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ENERGY

BMW unveils electric and hybrid concept cars

Six weeks before the Frankfurt Motor Show, BMW has unveiled concept vehicles that the company hopes will make it a trend-setter in the electric car business.

BMW unveils electric and hybrid concept cars
Photo: DPA

The i3 is a sleek small compact model set to go into production within the next few years. It runs entirely on electric power and should be affordable enough for city-dwelling families, although BMW had not released price estimates.

The sporty i8 may be more interesting to BMW enthusiasts. Also set to be produced in the next two or three years, it is a hybrid sports car that is supposed to have the fuel economy of a compact vehicle.

The cars are part of a planned BMW sub-brand that will be geared to target urban-dwellers that care about the environment and are looking to transition to electric driving in the long-term.

“This car is to show everyone right away that the future has begun now,” BMW Chief Designer Adrian von Hooydonk said, according the website of news magazine Der Spiegel, referring to the i3.

Click here for BMW photo gallery

So far, mainstream distribution of electric cars has been hampered by high prices the necessity of expensive and complicated electric charging equipment and electric vehicles’ lack of agility compared to petrol-powered cars.

But BMW says the i3 will be different. It can hit 100 kilometre per hour in under eight seconds and charges its battery in a standard wall socket – a full charge can be reached in six hours and that time can be cut by 80 percent by use of a special charger.

Although BMW is not yet saying how far an i3 production version be able to drive on a single charge, company officials say its range would be appropriate for 90 percent of people’s normal uses. An optional range-extending petrol engine would allow for longer driving distances by charging a small generator to maintain the car’s battery charge.

The i8, meanwhile, will be able to hit 100 km/h in three seconds and be able to travel 35 kilometres on electric power alone.

The Local/mdm

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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