BMW will invest in electric vehicles, and will offer them to customers as a result, it said on Wednesday.
The automaker has been exploring the possibility of building electric cars in Europe since 2014, and plans to introduce the technology at the Frankfurt Motor Show next month.
The company’s European boss, Norbert Roemer, said the new vehicle would offer a “high-tech, fully autonomous” driving experience.
“I am very confident that we can build a truly new model for our customers in Europe, with a wide range of potential,” he said in a statement.
The new car will feature a “clean electric engine” and will not rely on gasoline engines, according to the company.