- Volkswagen launches the ID.7, its electric sedan with more than 480 km of autonomy, to compete directly with the Tesla Model 3 in global markets.
- Production will start in Europe in 2023 and in China later this year, reaching the United States, Mexico and Canada in 2024.
- Volkswagen plans to produce more than one million electric vehicles by 2025 and faces fierce competition in the EV market, with Renault considering Tesla’s pricing strategy to maintain its market share.
Volkswagen presented this Monday, April 17 an electric car with which it hopes to become a leader in the global EV market.
The ID.7 is a large sedan that will have, according to the company, more than 480 km of autonomy without recharging its batteries.
VW’s new product is designed to compete head-on with Tesla’s Model 3 in all markets.
According to the company, It will begin to be officially sold in 2024.
The launch is part of VW’s manufacturing and marketing strategy that involves investing 180 billion euros (about 200 billion dollars) in products and technologies related to electrification until 2027.
The German company estimates that eight out of 10 cars that the brand sells in Europe and five out of 10 in the United States will be electric vehicles by 2030.
In that scenario, the new ID.7 will play a key role.
Production of the ID.7 for Europe will begin in the second half of 2023 at the Volkswagen plant in the city of Emden, Germany.
Manufacturing in China, meanwhile, will begin at the end of this year.
The ID.7s for the United States, Mexico and Canada will also be manufactured in Germany, but will reach dealers only in 2024.
Volkswagen’s new electric car
The ID.7 is an electric vehicle with a battery capacity of up to 100 kWh. The model has a maximum power of 302 horsepower and a maximum torque of 460 Nm. The sedan has a length of 4.9 meters and a height of 1.8 meters.
Volkswagen said it expects to produce more than one million electric vehicles by 2025.
The company has also announced plans to build six battery factories in Europe to meet the growing demand for electric vehicles.
Competition in the electric market is fierce, and we’re not exaggerating.
A piece of information from these same days comes from France: at Renault, they are analyzing Tesla’s strategy in detail with “unbeatable offers” because they consider that if they do not do the same, they will lose market share.
It must be remembered that after lowering its prices several times in the United States, Tesla decided to lower the value of most of its models in Europe, including France, Renault’s main market.
“It is clear that the Tesla sales are a challenge. It is a subject that we are analyzing”, acknowledged Fabrice Cambolive, general director of the Renault brand.
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