- BMW has confirmed specs and pricing for the upcoming plug-in-hybrid version of the 2024 5-series.
- Called the 550e xDrive, it has a six-cylinder gasoline engine, a 19.4-kWh battery pack, and an electric motor integrated into the eight-speed automatic transmission.
- The 550e xDrive will start at $74,795 and will go on sale in the U.S. in spring 2024.
Although it has now spawned a new electric variant called the i5, the latest generation of the BMW 5-series luxury sedan will continue to offer a plug-in-hybrid powertrain. We now have specs and pricing for the new 2024 BMW 550e xDrive, along with confirmation that it will arrive in the U.S. in the spring of 2024.
As you might guess from its badging, this new hybrid model is considerably more powerful than the previous-generation BMW 530e PHEV. It uses a six-cylinder gasoline engine instead of a four-cylinder, which means it produces a total of 483 horsepower. The electric motor is integrated into the eight-speed automatic transmission, and the battery pack is significantly larger than before, at 19.4 kWh. We don’t have EPA ratings yet, but based on global WLTP range estimates, this bigger battery should enable a far longer electric range of around 40 miles on the EPA cycle, or nearly double what the old 530e offered.
2024 BMW 530e plug-in hybrid
We don’t yet have photos of the 550e, so we’ve pictured the Europe-spec 530e hybrid here. BMW will continue to offer this four-cylinder PHEV setup in other markets; it has 295 horsepower and the same battery pack. The U.S. will only get the 550e, and it may look different from the model pictured here, possibly sporting an M Sport body kit and larger wheels.
2024 BMW 530e plug-in hybrid
With a starting price of $74,795, the 550e will be positioned above either of the 5-series’ gasoline models, the 530i and 540i. At least until the new M5 arrives, the hybrid will be the second most powerful 5-series, behind only the electric 593-hp i5 M60 xDrive which starts at $85,095. Look for the 550e to arrive at U.S. dealerships starting in the spring of 2024.
News Related-
Sterling hits multi-month low, Fed holds rates steady amid inflation concerns
-
Exxon Mobil projects steady oil and gas demand despite rise in renewables
-
Norges Bank lifts borrowing costs to a 14-year high, hints at further hike
-
Bitcoin's dominance rises with ETFs approvals and regulatory clarity
-
Oil falls as rate hike expectations offset US stock draw
-
Google Helped Spark a Phone Revolution by Doing a Simple but Radical Thing
-
Poland halts weapon supplies to Ukraine – focusing on domestic equipment
-
Fed’s Rate Decision Impacts Gold, Silver, and Canadian Dollar Ahead of Policy Meeting
-
Russian missiles target Ukrainian energy facilities before winter - Kyiv
-
Paul Byron Retires, Joins Canadiens in Executive Role
-
In the news today: Canada promotes carbon pricing at UN
-
Ethereum eyes scalability solutions with Layer Two and rollups
-
Meet Taiwan's resistance. If China invades, civil defence groups stand ready
-
Japan chip tool firm Kokusai Electric plans to list on Oct. 25
OTHER NEWS
Singapore banks tighten oversight on foreign clients post-money laundering scandal In a bid to strengthen its financial integrity following a money laundering scandal, Singapore’s banking sector has increased its oversight ... Read more »
Oracle to roll out generative AI services on Fusion Cloud platform The US technology company, Oracle (NYSE:ORCL) is set to introduce its first generative AI services on its Fusion Cloud ... Read more »
Central banks maintain rates, UK inflation slows to 18-month low In a series of significant monetary policy decisions, the Bank of England and the Swiss National Bank held their benchmark ... Read more »
Toshiba shareholders approve $15 billion buyout, ending public listing after 74 years Toshiba (OTC:TOSYY) Corp., the Tokyo-based multinational conglomerate, has said that over half of its shareholders have endorsed a ... Read more »
TOKYO (AP) — Studio Ghibli, the famed Japanese animation studio of Hayao Miyazaki, will become a subsidiary of Nippon Television Network Corp., both sides said Thursday. Succession worries had been ... Read more »
Vietnam’s central bank examines interest rate cuts amid diverging expert forecasts The State Bank of Vietnam (SBV) is considering further reductions in its policy interest rates to stimulate credit growth ... Read more »
The Canadian Army has dozens of older troop carriers it plans to send to the scrapheap this year — even though a private company has offered to refurbish them for use in Ukraine. ... Read more »
Worker cleaning at a shopping mall in Beijing’s Central Business District (CBD) By Kevin Yao BEIJING (Reuters) – China’s economic slowdown is polarising government advisers over the best way forward, ... Read more »
Calling All Sneakerheads — Here Are The Best Fall 2023 Sneaker Trends Not to call anyone out, but it’s time to purge crusty sneakers caked with dirt from our closets. ... Read more »
Vivek Ramaswamy wears a campaign hat made in Myanmar before the Republican presidential debate in Milwaukee. Scott Olson/Getty Images Vivek Ramaswamy’s campaign hats that were made in a repressive country ... Read more »
Prime Minister Justin Trudeau talks to media on his way to a cabinet meeting on Parliament Hill in Ottawa on Tuesday, Sept.19, 2023. Whatever the outcome of the public inquiry ... Read more »
‘Game of Thrones’ creator and other authors sue ChatGPT-maker OpenAI for copyright infringement NEW YORK (AP) — John Grisham, Jodi Picoult and George R.R. Martin are among 17 authors suing ... Read more »
SEC tightens rules on fund names and investment strategies correlation The Securities and Exchange Commission (SEC) has updated its regulations to require investment fund managers to clarify the relationship between ... Read more »
CES 2022 in Las Vegas By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Vietnamese electric vehicles maker VinFast plans to ship its first EVs to Europe this year after receiving ... Read more »
Federal Reserve may extend rate hikes till late 2024, says Vanguard Vanguard, the mutual fund firm with $8.1 trillion in managed assets as of August, recently suggested that the Federal ... Read more »
Photo: Youtube In a recent development that has raised eyebrows, Polish Prime Minister Mateusz Morawiecki announced that Poland would cease its arms shipments to Ukraine. This decision was revealed in ... Read more »
Drew Barrymore Last week, it was announced that “The Drew Barrymore Show” was resuming production, with the fourth season kicking off in mid-September. When the WGA initiated strike action back ... Read more »
Jakobi Meyers injury update: Raiders WR leaves game after taking scary hit vs. Broncos The Raiders were able to beat the Broncos 17-16 on Sunday, but they suffered a key ... Read more »
‘Next Goal Wins’ Review: Taika Waititi’s Soccer Film Sacrifices Sincerity for Self-Conscious Humor Before the world premiere of his latest film, Next Goal Wins, Taika Waititi offered a few introductory ... Read more »
Russia will not last another year in the ongoing Ukraine war. Ukrainian Lieutenant General and head of the Military Security Service Kyrylo Budanov is convinced of this at the “Yalta ... Read more »
Rubiales resigns as Spain's soccer president 3 weeks after kissing player at Women's World Cup final
Rubiales resigns as Spain’s soccer president 3 weeks after kissing player at Women’s World Cup final BARCELONA, Spain (AP) — Luis Rubiales, the suspended head of the Spanish soccer federation, ... Read more »
Zach Bryan Spends Second Week Atop Billboard 200 With Self-Titled Album Zach Bryan’s self-titled album spends a second week atop Billboard 200 chart (dated Sept. 16), as the set earned 115,000 ... Read more »
Toronto: “Hotline Bling” Director X Calls for Training Black Talent to Break Down Barriers to Racial Justice New Canadian Black talent faces many obstacles to making real inroads on film and TV ... Read more »
Braves become 1st MLB team to clinch playoff spot as Acuña and Olson lead rally past Pirates ATLANTA (AP) — The Atlanta Braves became the first team to clinch a ... Read more »
TIFF Tribute Awards: Spike Lee, Pedro Almodovar, Colman Domingo Provide Star Power Despite Strikes Despite the first simultaneous strikes of actors and writers since 1960 — 16 years before the first ... Read more »
In a groundbreaking initiative, Halton Healthcare, encompassing Oakville Trafalgar Memorial Hospital, Milton District Hospital, and Georgetown Hospital, has emerged as one of the foremost community hospital organizations to offer free ... Read more »
NEW DELHI — Prime Minister Justin Trudeau’s return to Canada from the G20 summit in India has been delayed by problems with his plane. The Prime Minister’s Office says it ... Read more »