Volkswagen is looking for a new brand for electric cars

Volkswagen is looking for a new brand for electric cars

May 4, 2020 0 By autotimesnews

Volkswagen is currently pondering which of its brands will be able to develop a new family of low-budget electric vehicles after Seat failed in this project.

Back in March 2019, VW CEO Herbert Diss said that it was Seat who would lead the development of all-electric city cars for less than 20,000 euros ($ 22,000). Diss also added that as a replacement for the VW Up!, Skoda Citigo and Seat Mii, the new models will be “a big step towards even more affordable electric mobility.”

They say that the VW brand itself will lead the projects, and VW executives believe that it will be “more efficient,” according to a source close to Seat. The Spanish company should collaborate with the JAC Automobile Group on this project, VW’s partner in China for electric vehicles.

At present, Seat has postponed its entry into the Chinese market for an indefinite date, Autonews Europe reports. The company said that the decision to withdraw them from the development of small electric vehicles was made “as part of the revision of the Volkswagen Group strategy of its global group.”