Hyperdrive
VW Will Join Tesla and BMW in Selling China-Built EVs in Europe
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Volkswagen AG will follow Tesla Inc., BMW AG and other automakers in exporting electric vehicles from China to Europe, citing limited production capacity in its home market.
The German carmaker’s sporty Spanish brand Cupra will produce its first electric SUV, the Tavascan, at one of its joint ventures’ factories in Anhui, Volkswagen said in a statement Friday. Built on the same hardware and software platforms as the ID series, it’s due to hit the European market in 2024.