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Newstream: Volkswagen Unveils Highly Popular $600,000 Electric Vehicle

On Wednesday, the Volkswagen Group unveiled an electric car with a price tag of up to 25,000 euros (about 600,000 crowns), which it promises will compete with Tesla. The compact ID.2all concept should start mass production in 2025, Bloomberg writes. The car should travel up to 450 kilometers on a single charge and will be manufactured in Spain.

Volkswagen promises that the electric car will be as spacious as its most popular Golf model and as cheap as the small Polo.

VW will put 180 billion euros into batteries and digitization over five years

News from companies

Electromobility and digitization. These are the main investment plans of the Volkswagen Group. In the next five years, i.e. from this year to 2027, he wants to allocate about 180 billion euros (4.3 trillion crowns) from the investment budget to these areas.

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“We are transforming at a rapid pace, to bring electric mobility to the masses,” VW brand chief Thomas Schäfer said in a statement.

Production in the VW gigafactory

Stanislav Šulc: Volkswagen has begun its retreat from the Czech Republic. We have nothing to offer him

Opinions

After a year of haggling about the possible construction of a giant battery factory for electric cars in Pilsen, Volkswagen said definitively “Not by chance at this point”. According to the Financial Times, the German company decided to invest in the USA instead of Central Europe. This is a huge blow for the Czech industry, which can cause huge budget losses in the coming years.

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Volkswagen desperately needs a people’s car for the electric age, he writes agentura Bloomberg. The concern is finding it difficult to keep up with Tesla electric cars and needs to stop the decline in sales in China. An electric model that even remotely came close to the success of the Golf – VW produced more than 35 million of it – would be a salvation for the brand.

Tesla promised to cut production costs by half, but did not introduce new models.

The wait for the new Tesla is getting longer. But we will have ten models, Musk promised

News from companies

American electric car manufacturer Tesla plans to cut assembly costs in half for the next generation of its cars. This was announced by company representatives at a meeting with investors. However, the company’s CEO Elon Musk did not reveal when he will introduce the much-anticipated affordable electric car. Therefore, the company’s shares fell after the meeting with investors.

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The presentation of the ID.2all concept in Hamburg is rounding off a busy week for the VW brand. On Monday, the group announced plans to build a battery factory in Canada – the first outside Europe and the country’s largest ever investment in cars. On Tuesday, it said it would invest 180 billion euros (4.3 trillion crowns) over five years in the production of batteries and software for electric cars.

The ID.2all concept was presented by Volkswagen on Wednesday. Volkswagen AG

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Realitní Club is a multi-platform project of the newstream.cz server dedicated to real estate, aimed at the B2B and B2C segment. It has three basic parts – web, print and event with a strong focus on social networks. The Realitní Club’s special page was the first to launch. The special is divided into four categories that deal with key areas of the real estate market in a “deep dive” manner.

  • Brownfields: the vision and future of undeveloped areas, especially in big cities;
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They will be included conversations with developers, politicians, architects and designers.

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