Volkswagen: still hopes to launch 25000 euros economical electric vehicles by 2025

CTOnews.com, March 14 (Xinhua) Volkswagen said on Tuesday that it still hopes to launch an economical electric car with a price of about 25000 euros (CTOnews.com Note: currently about 184000 yuan) by 2025, which is positioned lower than the ID.3.

"by then we will have a large scale... our battery factory in Valencia will bring us additional improvements in batteries," Volkswagen Chief Financial Officer Arno Antlitz said on an analyst conference call. By then, we also hope to make significant progress in obtaining an adequate supply of raw materials. "

Asked how the company would respond if demand in the next few years was not as strong as expected, Antlitz said it was willing to postpone or adjust its battery investment. "the overall goal is to have a sound financial position," he said.

Antlitz brands had set profitability and cash flow targets for brands at the January summit before chief executive Oliver Blume unveiled the results of simulated listings in June.