---
title: "EV prices fall below hybrids amid BMW i3 production launch"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295332721.md"
description: "Global EV prices have dropped to an average of $37,000, undercutting hybrids at $39,000, driven by lower battery costs and Chinese manufacturing growth. BMW initiated i3 production in Munich, aiming for a fully electric plant by 2027 to reduce costs by 10%. Meanwhile, Chinese automakers are expanding into South Korea and Brazil for local production to bypass tariffs and strengthen market positions."
datetime: "2026-08-09T20:30:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295332721.md)
  - [en](https://longbridge.com/en/news/295332721.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295332721.md)
generator: "portal-rs"
---

# EV prices fall below hybrids amid BMW i3 production launch

Price gap reversal: EVs now average $37,000 globally, undercutting hybrids at $39,000, driven by battery cost drops and Chinese manufacturing growth. BMW’s electric push: BMW began i3 production in Munich with plans for the plant to go fully electric by 2027, lowering costs by 10%. China’s market moves: Chinese automakers are expanding into South Korea and Brazil for local production to bypass tariffs and strengthen market positions.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**