Hyperdrive
Volkswagen Unveils ID.7 EV Sedan in Fight for Market Share in China
- Software problems have beset rollout of carmaker’s ID series
- New sedan aims to compete with Tesla’s Model 3 amid price war
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Volkswagen AG’s namesake brand is unveiling its first fully electric sedan as the German carmaker struggles to move past software setbacks that have hurt sales in markets from Europe to China.
The spacious ID.7, which starts at less than €60,000 ($66,000), marks a key effort to compete with Tesla Inc.’s Model 3 and a range of models from Chinese startups. With the launch Monday in Berlin and Shanghai, VW aims to highlight features from assisted parking to its 15-inch screen.