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

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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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VW general meeting interrupted by activists, cake thrown over EV pace and China labor

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On Wednesday, several activist groups briefly interrupted Volkswagen’s annual general meeting. One claimed VW is “making climate-damaging decisions,” and the other says the automaker uses forced labor to build cars in China.

Cake was thrown from an unknown party, and investors raised concerns over VW losing ground in China to EVs.

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