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You don't just add them up. BMW puts the electric motor in the transmission in place of the torque converter. That uses up some of the HP. Other features eat up more.
I have seen some companies simply add them together. They are wrong and kudos to BMW for being honest about the HP (actually as most of you know, BMW sandbags its HP so it actually going the opposite direction). Now if only they would up the HP for me.
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