As Tesla cuts prices, VW to rival Chinese cars with cheaper electrics

Published by

Volkswagen says it wants to respond to strong competition from China with cheaper electric models in the coming years. There are, however, currently no plans for a mini electric car comparable to the VW Up or Polo in the company’s most important market, says VW China boss Ralf Brandstätter. “We do not serve the mini electric vehicle market. But we will expand our offerings in the entry-level segment, for example in smaller saloons similar to the [small family-friendly] Bora or smaller SUVs below the ID.4.” The remarks come after Tesla announced that it was cutting prices of its electric cars i…

Read More

See also  Integrated Cyber Physical Security Systems (CPSS) Equipment in Finance Market | Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2021 to 2027

Leave a Reply