Volkswagen AG’s namesake brand is gearing up to take on Tesla Inc. with plans to roll out four affordable electric vehicles in the coming years.
The German company has made “huge progress” in reducing production costs of its all-electricvehicles, Christian Senger, head of the VW marque’s electric-car project, told reporters Tuesday in Shanghai, where the nameplate is unveiling its first battery-powered crossover. The models, to be sold under the I.D. sub-brand, will be partly developed in China and also include a mid-size sport utility vehicle, a hatchback and a sedan.
