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Bayerische Motoren Werke, or BMW, was founded in Germany in 1916. Best known for producing one of the first all-electric vehicles in 1972, BMW originally produced plane engines during World War I. After the Treaty of Versaille banned German countries from producing warplanes, BMW began making motorcycles and eventually cars.
The first model of car BMW produced was the BMW Dixi 3/15, a two-seater vehicle with a 3-speed manual transmission and 15 horsepower. The vehicle was originally priced at 2,175 reichsmarks, equivalent to $543.75 USD at that time. Today, BMW makes a variety of luxury cars, with their current model lines including the 1, 2, 3, 4, 5, 6, 7, and 8 series. They also make a line of SUVs and crossovers, the X1 through X7. The highest number of sales BMW has had in the US since 2005 was 346,023, which occurred in 2015.BMW currently has plans to offer at least one fully electric vehicle in all of their key model segments, committing to reducing their overall carbon footprint and increasing their all-electric vehicle sales significantly by 2025. They have announced all-electric versions of the BMWi3, Mini Cooper SE, BMW iX3, BMW i4, and iX, as well as their 5 and 7 series. The company stated that it wanted to maintain its high level of luxury offerings while also creating efficient electric vehicles using newly developed high-voltage storage concepts and optimized cell designs.