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VW Plots Tesla Attack With Four Affordable Electric Vehicles – Bloomberg

Volkswagen AG is gearing up to take on Tesla Inc.  with its namesake brand planning to roll out four affordable electric vehicles in the coming years and the Audi unit debuting an upscale battery-powered crossover it aims to introduce in 2019.

To make its electric vehicles more viable, the German company has made “huge progress” in reducing production costs, Christian Senger, head of the VW marque’s electric-car project, told reporters Tuesday in Shanghai, where the nameplate is unveiling its first battery-powered crossover. The models, which will each have I.D. in their name, will be partly developed in China and also include a mid-size sport utility vehicle, a hatchback and a sedan.

More www.bloomberg.com/news/articles/2017-04-18/vw-plots-tesla-attack-with-line-of-four-affordable-electric-cars
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