Borgward electric model BXi7 (China Only) ($60,000)
Borgward electric model BXi7
Borgward unveiled the electric model BXi7 as new energy vehicles become increasingly popular in China. Positioned as a mid-size SUV, the BXi7 provides two-wheel-drive and four-wheel-drive versions as options. The model generates a maximum output of 242hp and a peak torque of 390Nm. Its combined range reaches 308km. Also, it sprints from 0-100km/h in 7.9 seconds and boasts a speed up to 195km/h.
The BXi7 is priced (before the subsidy) between RMB 358,800 and RMB 378,800. Borgward also made a promise that consumers can get a price compensation if the model’s price sees any reduction within 365 days since it was sold.
Also, Foton Motor announced to increase capital of Beijing Borgward Automotive Co.,Ltd with an additional investment of RMB 4.409 billion on June 27, which means Foton Motor will still hold 100% stake in Borgward after the capital increase completes. Borgward, attaches great importance to the Chinese market. The brand decided to earn Chinese market share first with the mid-size SUV BX7 followed by the Borgward BX5, a compact SUV, and the BX6, a young consumer-oriented model.