VW weighs co-operation with Renault on €20,000 electric car

The average retail price of an electric car in Europe in the first half of 2023 was over €65,000

Annual production of 200,000 to 250,000 vehicles is the target, according to reports.

Volkswagen is speaking with potential partners, including France's Renault, about co-operating on the development of its €20,000 electric car, Germany's Handelsblatt  newspaper has reported. 

The German carmaker is interested in co-operating on a platform for the car that it hopes will make battery-powered vehicles affordable for the masses, Handelsblatt reported.