News Snapshot:
SHANGHAI: Volkswagen AG launched two ID.4 electric sport-utility automobile models in China on Tuesday, taking on Tesla Inc in the world’s largest auto market. The ID.4 CROZZ mannequin is being made by Volkswagen’s three way partnership with FAW Group, whereas the ID.4 X is produced by a separate enterprise with SAIC Motor. The models mark the beginning of a serious push by Volkswagen into the electric automobile market in China to take on the likes of Tesla and Nio Inc. The German group didn’t disclose the value of the 2 models. But a presentation on the product launch stated the...
