According to foreign media reports, Volkswagen will launch a new ID.
3 model equipped with lithium iron phosphate (LFP) battery packs in China to compete with lower-priced competitors.
Volkswagen hopes its new models will set off a sales boom in the world’s largest electric vehicle market.
, In the first nine months of 2024, Volkswagen delivered a total of 6.
52 million vehicles worldwide, down nearly 3% from the same period last year.
Volkswagen said the reason for this phenomenon was “particularly fierce” competition in the China market.
Although the cumulative number of electric vehicles delivered by Volkswagen in China increased by 27% year-on-year in 2024 as of the end of September, its overall car sales still fell by double digits.
Foreign carmakers face fierce competition from local companies such as BYD, whose electric cars such as the Seagull sell for less than US$10,000.
Photo source: Volkswagen, in 2021, Volkswagen officially released ID.
3, which will sell for approximately US$25,000.
However, as a large number of lower-priced and more technologically advanced electric vehicles enter the market, Volkswagen has had to significantly reduce prices to remain competitive.
, Documents from the Ministry of Industry and Information Technology show that Volkswagen’s new ID.
3 will be equipped with LFP battery packs.
Although LFP battery packs are very common in electric vehicles in China, German automakers such as Volkswagen typically use nickel-cobalt-manganese (NMC) batteries.
NMC batteries cost more because they require the use of more precious metals, but their energy density is higher than LFP batteries.
, Several automakers, including Tesla, have begun to switch to lithium iron phosphate (LFP) batteries, including the Model Y produced in Germany.
Other car companies, such as Hyundai Motor (including Kia), are also making big bets on the technology and promising to achieve higher energy density at lower costs.
, Except for batteries, Volkswagen’s new ID.
3 is basically the same as the current model.
Its length, width and height are 4,261 mm, 1,778 mm and 1,568 mm respectively, and its wheelbase is 2,765 mm.
, Return to the first electric network home page>,.
