Volkswagen is considering partnering with other carmakers to produce cheaper electric vehicles to help it compete with a coming wave of lower-cost rivals from China.
The world’s second-largest carmaker plans to decide later this year how to produce an EV costing less than €25,000, chief executive Oliver Blume told a press conference in Berlin.
Chief financial officer Arno Antlitz said it was “so difficult to make money in such a segment”. VW was “considering co-operation” that would share costs by “hoisting the platform on more shoulders”, he said.
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