The BMW Group on Thursday unveiled its 5 series sedan in South Korea for the first time, highlighting the significance of the market to the German carmaker.
The new 5 series is accessible in three models — gasoline, diesel, and electric power train — BMW Group Korea stated in a statement.
The 520i and 530i xDrive are equipped with BMW’s TwinPower Turbo four-cylinder gasoline engine and a 48-volt mild-hybrid system, while the 523d and 523d xDrive come with the TwinPower Turbo four-cylinder diesel engines and the same mild-hybrid system.
The i5 eDrive40 and I5 M60 xDrive both feature a 81.2 kWh battery pack and can travel up to 384 kilometers and 361km, respectively, on a single charge.
The gasoline models are valued at 67 million-89 million won (US$49,000-$66,000), with the diesel models selling at 76 million-83 million won. The all-electric models are priced at 94 million-104 million won.
BMW Group Korea sells vehicles under three brands — BMW, MINI and Rolls-Royce. In the January-August period, the three brands sold a total of 56,817 vehicles in Korea, down 2.4 percent from 58,185 units a year earlier due to higher interest rates and an economic downturn.
South Korea was the most prominent market for BMW when it comes to the 5 series models for the whole of 2022 and for the January-August period. BMW sold about 21,000 units of the 5 series models last year and 16, 000 5 series models in the first eight months here.
The company did not include China in the 5 series sedan’s sales rankings because BMW sells localized 5 series models only in the world’s biggest automobile market.
This undated file photo provided by BMW Group Korea shows the new 5 series sedans. (PHOTO NOT FOR SALE) (Yonhap)
This file photo provided by BMW Korea shows the interior design of the new i5 series model. (PHOTO NOT FOR SALE) (Yonhap)
kyongae.choi@yna.co.kr
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