VW plans Tesla rival electric car for less than 20,000 euros: source
FRANKFURT (Reuters) – Volkswagen (DE:) will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.
The electric car, known as “MEB entry” is being readied for a production volume of 200,000 vehicles, while a mid sized sedan, the I.D. Aero, will have a production volume of 100,000 units, the person said.
The plans are due to be discussed at a supervisory board meeting held on November 16, when the Wolfsburg, Germany-based carmaker is also expected to discuss far-reaching alliances with battery cell manufacturer SK Innovation (KS:) and with rival Ford (N:), the source further said.
Volkswagen’s German factories in Emden, Zwickau and Hanover will build electric cars as part of the overhaul, the source said.
Volkswagen declined to comment.
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Source : Reuters Link