The price of electric vehicles has dropped, and domestic Volkswagen electric vehicles may be sold for less than 100,000 yuan

According to reports, Volkswagen Group CEO Oliver Blum announced a striking plan at yesterday’s meeting: Volkswagen plans to launch a new entry-level model in 2025, which will sell for less than 22,000 US dollars, about 150,000 yuan

Blum pointed out that Volkswagen currently seems to lag behind other European brands in the field of entry-level electric vehicles. Renault has just announced that it is reviving its iconic Twingo model with the launch of a four-door urban electric car, which is scheduled to be officially launched in 2026 and start delivery at a price of less than $22,000. In addition, Stellantis, which owns multiple European brands, is also actively entering the entry-level electric vehicle market with the support of Leapmotor.

# According to the editor’s understanding, Volkswagen stated that one of the biggest obstacles in the field of electric vehicles is the expensive battery price. Therefore, the Volkswagen Group is developing a new battery that, once put into use, will significantly reduce manufacturing costs.

Currently, Volkswagen’s cheapest electric model sold in China is the ID.3, with an official price starting from 162,888 yuan, and currently enjoys terminal discounts. If Volkswagen successfully introduces a new entry-level model, its price is expected to be less than 100,000 yuan, and it will compete fiercely with models such as BYD Seagull and Wuling Bingo.

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