Volkswagen Unveils $66,000 EV Sedan in Fight for Market Share in China

The spacious ID.7, which starts at less than €60,000 ($66,000), marks a key effort to compete with Tesla Inc.’s Model 3

(Bloomberg) — Volkswagen AG unveiled the first fully electric sedan under its namesake brand as the German carmaker struggles to move past software setbacks that hurt sales in markets from Europe to China.

The spacious ID.7, which starts at less than €60,000 ($66,000), marks a key effort to compete with Tesla Inc.’s Model 3 and a range of models from Chinese startups. With the car’s launch Monday in Berlin and Shanghai, VW aims to highlight features ranging from assisted parking to a 15-inch screen.