Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 16 (Reuters)-Volkswagen CEO Obom said at a meeting that the company has not yet made a decision to produce 20,000 euros of cheap electric cars, but he is "confident" that the company can achieve this goal in the second half of the decade (2025-2030), according to Reuters local time on Wednesday.

The ▲ picture shows the ID.2 all concept car shown by Volkswagen in the first half of this year. Obom said that the key way to reduce the price of electric vehicles is to reduce battery costs. At the same time, he also revealed that Volkswagen is planning to produce a unified new battery that claims to cut battery costs in half. "We have the responsibility to introduce the right products to the market at the right price."

The batteries will be produced at the plant in Salzjeet from 2025, which Volkswagen plans to provide annual production capacity of 500000 cars in the future.

Comprehensive CTOnews.com previously reported that Volkswagen launched a pure electric concept car ID.2 all under 25000 euros in March this year, which is positioned as a pure electric A-class hatchback.

Volkswagen said the entry-level 450km (WLTP) car, which will be launched in Europe in 2025, will be the first model with front wheel drive on Volkswagen's MEB modular electric platform, with design elements dating back to the first Golf.

However, the ID.2 all is not the cheapest electric car owned by Volkswagen, and this time Obom is referring to a smaller, cheaper electric car (tentatively named ID.1). Foreign media Autocar reported earlier this year that the ID.1 is similar in size to the current polo in fuel vehicles and may share some accessories with ID.2 all, such as motors and power batteries.

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