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FRANKFURT (Reuters) -Volkswagen on Wednesday stated it might use the Polo model title for its deliberate compact hatchback electrical car, beforehand dubbed ID.2, a key mannequin within the carmaker’s efforts to stave off Chinese language competitors.
The ID.Polo, anticipated to be priced under 25,000 euros ($29,267) in its no-frills model, will likely be offered on the IAA auto present in Munich subsequent week though the automotive will nonetheless be camouflaged forward of its official launch in 2026, Volkswagen stated.
“Our mannequin names are firmly anchored in folks’s minds,” Thomas Schaefer, head of the Volkswagen model and member of the carmaker’s administration board, stated in an announcement.
“That is why we’re shifting our well-known names into the long run. The ID.Polo is just the start.”
European carmakers have come underneath rising strain to develop reasonably priced electrical autos, as cheaper Asian rivals, together with China’s BYD, are more and more muscling into the native market.
Volkswagen’s finance chief Arno Antlitz earlier this 12 months stated that the ID.2 may very well be the carmaker’s first battery-electric car to make equal margins to its combustion-engine equal.
The Polo model accounted for 472,000, or almost 10%, of the Volkswagen model’s auto gross sales final 12 months.
($1 = 0.8542 euros)
(Reporting by Christoph Steitz, enhancing by Rachel Extra)
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