German Auto

Volkswagen said it is developing ID.1, an entry-level electric car with a target price of $22,000, according to UK’s CAR magazine

Earlier this month, BMW released a new brand LOGO which will be applied to the i4 concept car first. On the evening of March 16, BMW China announced on its official Weibo that the new logo will be fully used in brand communication.

Affected by the international environment, Saudi Arabia launched an oil price war, which drastically lowered crude oil prices, making international oil prices continue to fall.

Volkswagen is preparing to launch the first new electric vehicle ID.3 based on its MEB platform. The company said it plans to deliver 30,000 ID.3 cars "almost simultaneously" and said the car would be cheaper than a gasoline car.

Thomas Ulbrich, a Volkswagen board member in charge of the electric vehicle business, said on Thursday that Tesla, a U.S. electric vehicle maker, is 10 years ahead of competitors in manufacturing electric vehicles and developing software.

After producing about 20,000 units, the classic plug-in hybrid sports car BMW i8 will be officially discontinued next month.

Volkswagen recently announced that the first mass-produced pure electric SUV in the ID. series was officially named ID.4.

For major car companies in the world, it is a long way to go to achieve profitability through electrification. GM had previously stated that it had no intention of making money from electric vehicles in the next ten years. However, the public views this differently.

The BMW Group released its first all-electric Gran Coupe BMW i4 at its Munich headquarters on March 3.

As an electric vehicle company, Tesla has an absolute advantage in the manufacturing of electric vehicles. However, in the global new energy market in January, Tesla failed to maintain its top spot and was overtaken by BMW with a slight advantage.