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Volkswagen plans to start ID.3 commercial production.

M2 EQUITYBITES-November 4, 2019--Volkswagen plans to start ID.3 commercial production

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Auto Business News - 04 November 2019

Volkswagen AG (Xetra: VW), a Germany-based automaker, is planning to start commercial production of the ID.3.

The vehicle is likely to be launched by late 2020. The automaker has started the manufacturing of the electric hatchback at its Zwickau plant in Germany. It has also altered the plant to manufacture fully electric engines. It started the process in 2019 and it is likely to be completed by 2021. It will be the company's first commercially manufactured fully electric hatchback and it is based on the Modularer E-Antriebs-Baukasten platform.

The vehicle will be offered with three battery pack options that include a 45 kWh pack that offers a range of 330km on a full charge, a 58 kWh pack offering 420km and a 77 kWh pack with a range of 550km. The car will also support a 100 kW fast charger. The battery pack will be coupled to an electric motor that generates 204 PS of maximum power and 310 Nm of peak torque and reaches top speed of 160 km/h. It will be offered in three variants, including the ID.3 1st Plus and the ID.3 1st Max, over the base trim.

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Publication:M2 EquityBites (EQB)
Date:Nov 4, 2019
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