Volkswagen Looks To Expand Portfolio With Affordable EVs That Cost Under $30K
Portfolio Pulse from Anan Ashraf
Volkswagen AG plans to introduce affordable electric vehicles (EVs) priced under $30,000. The company aims to reduce battery costs through a standard cell from subsidiary PowerCo and cost-effective cell chemistry without cobalt and nickel. Volkswagen also plans to use its MEB+ platform to enable fast charging in less than 20 minutes. The company's ID. 2 all-concept vehicle, with a starting price below $26,873, will be built on the MEB entry platform and is one of ten new electric models to be launched by 2026.
September 06, 2023 | 4:51 am
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Volkswagen's plan to introduce affordable EVs could potentially increase its market share and boost its stock price.
Volkswagen's plan to introduce affordable EVs could attract a larger customer base, leading to increased sales and potentially a rise in its stock price. The company's efforts to reduce battery costs and enable fast charging could give it a competitive edge in the EV market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100