This is big news if it means BMW is committed to performance-oriented electric cars. Personally, I think the EV industry still lacks a proper motorsport-oriented manufacturer like BMW. Sure Teslas are fast, but they're not really designed for motorsport. Anyone who's driven a Model S on a track can tell you that. BMW getting serious about "E Motorsport" is a good omen that there may still be room for car enthusiasts in the electrified future.
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