This Electric Volkswagen SUV Is a Serious Challenge to Tesla

This Electric Volkswagen SUV Is a Serious Challenge to Tesla

German auto giant Volkswagen AG (NASDAQOTH: VLKAY) plans to introduce "over 30 new electric vehicles" by 2025, company officials said at the International Motor Show in Frankfurt on Tuesday. 

As expected, VW unveiled a "concept" version of one of the first -- and most important -- of those new electric vehicles at the show, the handsome crossover SUV pictured below. It's a key piece of VW's coming mass-market response to Tesla (NASDAQ: TSLA): VW expects to sell a whole lot of them starting in 2020.

Here's what we know about it. 

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Source: Fool.com