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VW to launch Tesla X rival for China in 2021

2019-04-14 20:54    Investing

VW to launch Tesla X rival for China in 2021 Stock News

© Reuters. The logo of Volkswagen carmaker is seen at the entrance of a showroom in Nice

BERLIN (Reuters) - Volkswagen (DE:VOWG_p) said on Sunday it will build a fully electric sports utility vehicle for the Chinese market from 2021, entering a segment dominated by Tesla's Model X.

The new SUV is the latest in Volkswagen's aggressive roll-out of electric cars in China, where zero emissions vehicles are given preferential treatment by authorities.

VW said its ID ROOMZZ will have three rows of seats and an operating range of up to 450 kms.

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