4 ms·
Well, VW sells an ID.3 for about 16k€ in China.
by speedgoose 3y ago
Well, VW sells an ID.3 for about 16k€ in China.
- tromp 3y agoThat sounds wrong but seems confirmed by https://insideevs.com/news/675842/volkswagen-slashes-id3-pricing-china/ https://insideevs.com/news/675842/volkswagen-slashes-id3-pri...
- SoftTalker 3y agoCost of doing business in China -- the government sets the price. You either play by their rules or get shut out.
- mschild 3y agoBy that logic, they'd keep VW prices high. China's vehicle manufacturers have made impressive strides of the past few years, especially in the EV market. Considering the growing nationalist tendencies, they'd try to get there citizens to buy more wholly produced and designed Chinese cars. How does lowering prices on foreign ones help that goal?
- reisse 3y agoNah, the price is because EV market in China is very competitive. Tesla there still has the brand value and dominates the premium segment, BYD and the likes hold all of the budget segment, where Tesla has no offering. VW cannot compete with Tesla because it has no such brand attachment in China, so it has to compete for budget segment, hence the budget car prices. Best-selling EV in China after Model Y is BYD Yuan Plus, which costs ~20k USD. That's the niche VW has to compete for.
- seanmcdirmid 3y agoVW has lots of brand attachment in China. Black Audis have been synonymous with rich officials since the 80s, and VW is not really a slouch either (they aren’t premium like their Audi brand, but that is true over here as well). VW is just behind on EV tech, they don’t have much to offer their Chinese JV partners beyond a brand.
- deleted 3y ago[deleted]