Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars.
Volvo is building an electric vehicle, and, somewhat surprisingly, it’s not going to cost a ton of money.
According to Automotive News, Lex Kerssemakers, CEO of the luxury car maker’s USA arm, told journalists at the Geneva auto show that the company aims to launch the car in 2019 with a $35,000 – $40,000 price.
Very few details are known about the car at this point — not even its size has been decided — but Kerssemakers claimed it will have a range of at least 250 miles.
Volvo already offers hybrid variants of several of its models, including the XC90 SUV and the V60, but it doesn’t have a purely electric car. Read more…
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