VOLKSWAGEN HAS ANOTHER ELECTRIC CAR TO RIVAL TESLA
Production has started in Germany on the first electric SUV from the Volkswagen brand, marking the latest push by the world's largest carmaker into cleaner vehicles, Charles Riley wrote for CNN Business late on August 20, 2020.
Volkswagen announced Thursday that production of the ID.4 compact SUV has commenced at its plant in Zwickau, which has been converted at a cost of €1.2 billion (1.4 billion) to manufacture 300,000 electric vehicles a year.
The ID.4 could help Volkswagen compete with Tesla, which already offers an electric SUV called the Model Y. Audi, Volkswagen's luxury brand, has been producing an electric SUV called the e-tron at a factory in Brussels, Belgium, since late 2018. Ralf Brandstätter, head of the Volkswagen brand, said in a statement that the ID.4 allows the carmaker to offer an electric vehicle in "the world's largest growth segment." He said the SUV will initially be built and sold in Europe and China, with US production slated to begin in 2022 in Chattanooga, Tennessee.
According to Volkswagen), the SUV will have a range of up to 500 kilometers (311 miles). It will make its world premiere in September. The German group, which also owns Porsche, Bugatti, Skoda, Lamborghini and SEAT, plans to spend €33 billion ($39 billion) on electric mobility by 2024. It hopes to produce 1.5 million electric cars in 2025.