Volkswagen's electric vehicle (EV) division is gaining momentum, with the company's CEO, Thomas Schäfer, claiming that their new EVs are now priced competitively with Chinese manufacturers. This development marks a significant shift in the global EV market, where Chinese brands have long been known for offering affordable options. With VW's new EV lineup, the German automaker is aiming to challenge the dominance of Chinese EV manufacturers, such as BYD and Geely, in the increasingly crowded market. As the EV industry continues to evolve, Schäfer's statement highlights the growing competition and the need for European manufacturers to adapt to changing consumer preferences.
Our new EVs match the Chinese on price, says VW cars boss The Times
