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Peter Johnson

EVPeteJohnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.

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Volkswagen slashes ID.3 price in China to boost EV sales, starts at under $18K

Volkswagen-ID.3-LFP-battery

Once considered the leader in China’s auto industry, Volkswagen has watched its share of the pie shrink over the past year or so as EV makers like BYD, NIO, and Tesla steal the show. In an attempt to draw in buyers, VW is slashing the price of its small ID.3 electric car.

For a limited time, VW will offer the ID.3 at a “historical low price,” starting as low as 125,900 yuan (roughly $17,500).

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