Skip to content
Subscriber Only
Markets
Hyperdrive

VW's E-Car Exceeds Expectations, Still Trails Tesla Model 3

  • More than 10,000 reservations made in first 24 hours, VW says
  • Volkswagen’s ID.3 gets one-tenth of Tesla’s Model 3 preorders
Video player cover image
Volkswagen AG is now taking deposits on its new ID.3 fully electric hatchback.Source: (Bloomberg)
Updated on
From

More than 10,000 people paid 1,000 euros ($1,120) each to be the first to own a limited-edition version of Volkswagen AG’s ID.3 electric hatchback.

The company’s IT systems were at times overloaded by the number of requests during the first day of reservations, Volkswagen said Thursday, with orders far exceeding expectations. Still, when Tesla started taking $1,000 deposits for the Model 3, more than 115,000 requests were made within the first 24 hours.