Plug-in cars from BMW

August 1, 2011

BMW has taken the wraps off two concept cars for the first generation of electric vehicles to be launched under its new sub-brand "i", starting in 2013.

BMW will also invest in a company named Parkatmyhouse, which offers a service to rent out private parking space via Internet or smartphone applications.

The upcoming i3 will mark the launch of the first volume-produced car featuring bodywork largely made of carbon.

The world's largest luxury-car maker by sales volume will initially launch two new vehicles under the new sub-brand, the BMW i3 and the BMW i8 which will be launched in 2013 and 2014, respectively.