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Volkswagen Announces a Cheap Electric Car to Compete With China
An anonymous reader shared this report from the Telegraph: Volkswagen has teased plans for a "China-killer" electric vehicle that will cost just €20,000 ($20,664 USD or £16,700) as the German carmaker gears up to take on a flood of Beijing-backed low-cost rivals. The company on Thursda...
An anonymous reader shared this report from the Telegraph: Volkswagen has teased plans for a "China-killer" electric vehicle that will cost just €20,000 ($20,664 USD or £16,700) as the German carmaker gears up to take on a flood of Beijing-backed low-cost rivals. Dan Caesar, of Electric Vehicles UK, added: "Cheaper EVs are exactly what legacy auto-makers need to be competitive during this critical time. The German carmaker is planning to cut 35,000 jobs by 2030 as it grapples with stalled demand for EVs in Europe and growing competition from Chinese rivals.
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