Volkswagen launches two electric SUVs in China

Volkswagen launched two models of ID.4 electric SUVs in China in an attempt to compete with Tesla in the world’s largest car market, Reuters reports.

The ID.4 CROZZ is manufactured by the joint venture that Volkswagen owns with the Chinese group FAW, while the ID.4 X is produced by another joint venture with SAIC Motor.

The German car maker did not revealed the price of the two models. Chinese authorities expect a 20% increase in sales of electric and hybrid vehicles by 2025, from 5% today.

Analysts expect about 1.1 million electric and hybrid vehicles to be sold in the Chinese market this year.

- Advertisment -


Borussia Dortmund had over EUR 400 million revenues in financial year 2022/2023

In financial year 2022/2023, the lifting of COVID-19 pandemic related restrictions affecting Borussia Dortmund's business model led to an...