Volkswagen takes on Tesla with first ID.4 electric models in China
<p style="text-align: center;"><img title="1604454104474253.jpg" alt="9.jpg" src="/ueditor/php/upload/image/20201104/1604454104474253.jpg"/></p><p>The models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.</p><p><br/></p><p> Volkswagen AG launched two ID.4 electric sport-utility vehicle models in China on Tuesday, taking on Tesla Inc in the world's biggest auto market.<br/><br/>The ID.4 CROZZ model is being made by Volkswagen's joint venture with FAW Group, while the ID.4 X is produced by a separate venture with SAIC Motor.<br/><br/>The models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.</p><p><br/></p><p>The German group did not disclose the price of the two models. But a presentation at the product launch said the starting price of the SUVs, which are larger than Tesla's China-made Model 3 sedans, would be less than 250,000 yuan ($37,450) after electric vehicle subsidies from the Chinese government.<br/><br/>The starting price for Model 3 sedans in China is currently 249,900 yuan, after subsidies.<br/><br/>The ID.4 models will have driving ranges of over 400 kilometers and offer over-the-air software updates, Volkswagen executives said at the event.<br/><br/>China chief Stephan Woellenstein said Volkswagen would roll out eight ID. family electric models in China by 2023.<br/><br/>Sales of electric, plug-in hybrid and hydrogen-powered vehicles in China are forecast to rise to 20% of new car sales by 2025 from just 5% now, the State Council said on Monday.<br/><br/>Around 1.1 million such vehicles are expected to be sold in China this year.</p>
04 Nov,2020
