Volkswagen's ID.4 Prices Plummet in China, Starting at Just $20,000

Volkswagen's joint venture in China, FAW-VW, has reduced the prices of its ID.4 electric SUV, with the starting price now at 145,900 yuan ($20,060). This move comes as Volkswagen faces increasing competition in the Chinese EV market and aims to stimulate demand. However, offering these promotions may impact the company's profitability compared to other leading EV manufacturers like BYD and Tesla.