• Volkswagen's Answer To Tesla: A €20,000 Electric Car

    4 monthes ago - By Fortune

    Volkswagen vlkpf wants to offer an entry-level electric car for less than EUR20,000 and is planning on converting three of its factories in Germany to focus on electric challengers to Tesla tsla
    , Reuters reports.
    VW is aiming to produce 200,000 of the new electric car, known as the “MEB entry”, in its factory in Emden. Coupled with this, the German car giant is also aiming to build 100,000 of the I.D. Aero in a plant that currently makes the VW Passat.
    According to Reuters, the plan will be discussed at a supervisory board meeting on Nov. 16.
    The German carmaker is also expected to...
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