Volkswagen takes on Tesla with first ID.4 electric models in China

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SHANGHAI (Reuters) – Volkswagen AG <VOWG_p.DE> launched two ID.4 electric sport-utility vehicle models in China on Tuesday, taking on Tesla Inc in the world’s biggest auto market.
The ID.4 CROZZ model is being made by Volkswagen’s joint venture with FAW Group [SASACJ.UL], while the ID.4 X is produced by a separate venture with SAIC Motor.
The models mark the start of a major push by Volkswagen into the electric vehicle market in China to take on the likes of Tesla and Nio Inc.
The German group did not disclose the price of the two models. But a presentation at the product launch said the starting price of the SUVs, which are larger than Tesla’s China-made Model 3 sedans, would be less than 250,000 yuan ($37,450) after electric vehicle subsidies from the Chinese government.

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