INDEPENDENT AUTOMOTIVE NEWSGLOBAL PERSPECTIVE / AUSTRALIAN EDITION
TDCNTHE DAILY
CAR NEWS.

The road ahead.
Every day.

RSS ↗
Latest/Electric

535 original articles

Electric / TDCN ORIGINAL

Volkswagen to use Chinese-developed EV platforms for European models

VW brand CEO Thomas Schäfer says one platform from China could underpin around three quarters of volume models from VW, Cupra and Skoda.

Volkswagen will base future European models on electric car platforms developed in China, with one such architecture potentially underpinning around three quarters of volume models across VW, Cupra and Skoda. VW brand CEO Thomas Schäfer confirmed the plan to Autocar, describing technology from a new generation of Chinese-developed EV platforms as destined for European models.

The shift follows VW's loss of dominance in China, where it once sold 4.23 million cars in 2019, close to a fifth of the passenger car market. Having been overtaken by Chinese rivals, the group is rethinking how it develops cars, from mechanical platforms and electronic systems to component costs, supplier relationships and the time needed to bring models to market.

From Shanghai to Wolfsburg

VW's Chinese story began in 1983, when a small team assembled the Santana, a rebadged second-generation Passat, in a converted tractor factory on the outskirts of Shanghai, initially from kits shipped from Germany. China bought nearly four million of them, and the model helped establish VW as shorthand for German engineering in a country learning to drive.

The old formula was to engineer in Germany, adapt for Chinese tastes and build at scale through joint ventures with FAW and SAIC. Success in China helped finance investment across the group's worldwide operations. That model has now been reversed: what began as an attempt to recover lost ground in China is increasingly shaping VW's global operations.

Which models and when

Schäfer's confirmation covers the direction of travel, not a full model plan. The sources name no specific European models beyond the brands involved: VW, Cupra and Skoda. The one platform said to be capable of underpinning around three quarters of volume models is identified only by its Chinese origin, not by a model name or launch date.

Nor have on-sale dates or prices for the European models been announced. What the sources do establish is the intent: Chinese-developed technology will appear in future European models, and the group expects that approach to cut development time and cost.

VW's Chinese operations are described as increasingly able to respond faster to changing customer demands, adopt new technology sooner and get models into production in considerably less time than traditional methods allow. Those lessons are now feeding back into decisions made in Wolfsburg.

Why the reversal matters

For European buyers, the practical effect is that future VW, Cupra and Skoda electric models may owe more of their underlying engineering to China than to Germany. That matters because platforms determine cost, software capability and how quickly a car can be updated, all areas where VW has been under pressure from Chinese rivals.

The arrangement also reframes where VW's engineering expertise sits. Wolfsburg remains the mothership, but the Chinese operations are increasingly the agile speedboat, able to exploit new technology sooner and bring models into production faster. The smarter read for buyers is that the next generation of these brands' volume EVs will be judged less on German engineering heritage and more on how well Chinese-developed foundations are adapted for European roads and rules.

What is still open

Several details remain unconfirmed. The sources do not say which specific European models will use the Chinese-developed platforms, nor which of the three brands will get them first. They also give no launch timing or pricing for those European models. What is settled is the strategy: VW has confirmed that Chinese-developed EV platform technology is headed for Europe, and that it expects the approach to reshape how the group develops cars worldwide.

Open this article ↗
New cars / TDCN ORIGINAL

Chevrolet Corvette E-Ray convertible sells for $99,500 after costing its owner $136,890 new

The 570-mile 3LZ convertible lost $37,390 at auction, a depreciation hit of more than $65 for every mile it covered.

Image: Motor1

A nearly new 2025 Chevrolet Corvette E-Ray convertible has sold at auction for $99,500, well below the $136,890 its owner paid for it new. The car had covered just 570 miles when it changed hands on Cars And Bids, a loss of $37,390 for the seller.

That works out to a depreciation cost of more than $65 per mile driven, and a drop of close to 30 percent against the original purchase price. The car met its reserve, and the seller said he has other fun cars to drive, so the result was not an unhappy one for him.

A heavily optioned car with almost no miles

The car in question is a 3LZ Convertible, a heavily optioned version of the E-Ray. With options included, the total cost crept toward $140,000, which makes the $99,500 hammer price an even steeper fall from the showroom figure.

At 570 miles the car is barely broken in, and it still carries plenty of warranty life. For the buyer who paid $99,500, that is a $37,390 discount on a car that has hardly been used.

Why the E-Ray has struggled to hold value

The E-Ray occupies an unusual place in the Corvette line. Chevrolet added an electrified element to its halo model, and buyers did not immediately flock to it.

On paper the car is far from short of pace. It produces 655 horsepower and 595 pound-feet of torque, and Chevrolet quotes a 0-60 mph time of 2.5 seconds. The electric side of the powertrain is there to boost performance rather than to deliver meaningful electric-only range.

That mismatch between capability and buyer enthusiasm is the likely explanation for the auction result. A car with supercar acceleration and a six-figure sticker still depends on demand to protect its resale value, and the E-Ray has not generated the following that its spec sheet might suggest. The lesson for anyone shopping in this part of the market is that a low odometer reading does not insulate a niche performance model from a sharp fall in value.

What the E-Ray started

Chevrolet has since applied what it learned from the E-Ray to the Grand Sport X and ZR1 X, both of which sit at the top of the current Corvette range. The E-Ray came first, and the later cars benefit from that experience.

That makes the E-Ray an underappreciated chapter in the Corvette's recent history, and one that the new owner now has a chance to enjoy properly.

What is not known

The auction result covers this single car only, and no broader sales figures for the E-Ray were given. Chevrolet has not announced any change to E-Ray pricing or availability as a result of the sale.

Open this article ↗

Keep scrolling to read the next story.

Older articles →