Here’s a better look at the $20,000 Volkswagen ID.1 EV ahead of its debut next month
In less than a month, Volkswagen will unveil its smallest and most affordable electric car from its ID lineup. The new EV is expected to hit the market as the ID.1, starting at around €20,000, or just over $20,000. With its world premiere just around the corner, Volkswagen is giving us a closer look at ID.EVERY 1 show car.
Volkswagen ID.EVERY 1 EV will debut on March 5
Earlier this week, we got our first look at the new entry-level EV after Volkswagen offered a sneak peek for employees at its Wolfsburg plant.
With a starting price of around €20,000, VW said low-cost electric cars, like the ID.EVERY 1 will be “a cornerstone” to the brand’s future plans.
The first of Volkswagen’s low-cost EV lineup to hit the market will be the production model of the Polo-sized ID.2 all concept. VW said the ID.2 will arrive at dealerships next year starting under €25,000 ($26,000).
Volkswagen has yet to confirm it, but the new ID.EVERY 1 is expected to ride on Volkswagen’s new entry-level MEB platform like the ID.2. With two battery options, 38 or 58 kWh, the platform is expected to provide a driving range of up to 279 miles (450 km).
After teasing the new entry-level EV for the first time this week, Volkswagen Brand CEO Thomas Schäfer announced on LinkedIn Thursday that the new model would be called the ID.EVERY 1.
A sketch from Volkswagen’s exterior designer, Lorenzo Oujeili, was also posted, revealing new design details we can expect to see.
Volkswagen’s tech development chief, Kai Grünitz, previously told Autocar that the new entry-level EV “will be close to the UP” in size and usage.
Schäfer said the entry-level electric car will debut on March 5, confirming, “We will give a first concrete preview of our new electric Volkswagen for around 20,000 euros.”
Earlier today, Schäfer also confirmed that the ID.2 will get an SUV model, dubbed the ID.2X. It’s expected to be the electric T-Cross replacement. The SUV model will launch in 2026 for around £25,000 ($31,000). After that, the ID.1 is expected to arrive in 2027 with a base price of €20,000.
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Genesis is preparing to launch its flagship electric SUV, the GV90. It will be the largest, most luxurious Genesis vehicle yet, loaded with advanced tech, premium features, and Genesis’ signature design. The Genesis GV90 will even feature Rolls Royce-like coach doors, which were spotted for the first time in public on a production model. Check it out below.
Genesis GV90 spotted with coach doors for the first time
The flagship GV90 is starting to appear in public ahead of its expected debut later this year. Genesis previewed the full-size electric SUV with the stunning Neolun concept revealed last March.
Genesis designed the concept around Korean minimalist aesthetics “to create an ultra-luxe vision of luxury SUVs.” It features a reductive design with smooth character lines inspired by Korea’s iconic moon-shaped porcelain jars.
Signature Genesis design elements, like the two-line LED headlamps, now stretch across the front, forming the Crest grille and the side repeaters. The rear features a similar look.
The full-size electric SUV will serve as a tech beacon as the luxury brand upscales into new segments. Inside, the GV90 will include a massive 24.6″ infotainment.
All of this is great, but the feature that most people talked about was the coach doors. Genesis removed the B-pillar, opening up the interior for more space.
The company said B-pillarless coach doors are now feasible for production vehicles. It looks like that will, in fact, include the GV90.
We got a sneak peek of the GV90 last month for the first time after it was spotted on a carrier in South Korea. Earlier this week, we got a closer look at it with less camo, revealing the production model will remain close to the concept.
The model we saw earlier this week was the “Standard” version with a B-pillar and traditional doors. Now, we are getting our first look at the GV90 “Exclusive” trim with coach doors and more.
In the new photo, courtesy of ShortsCar, you can see another GV90 on a carrier in Korea, this time with coach doors.
Genesis is expected to reveal the GV90 later this year, and production is slated for early 2026. The flagship electric SUV is expected to be available in at least two trims: Standard and Exclusive.
The Standard model is expected to start at around 100 million won ($80,000), while the Exclusive version, which will be limited to just a few units, will cost upwards of 200 million won ($160,000).
Hyundai will build the larger electric SUV at its Ulsan EV plant in Korea. It will be the first to ride on its new eM platform, which will replace its current E-GMP underpinning its IONIQ models (IONIQ 5, 6, and 9), Genesis GV60, and Kia’s (EV3, EV4, EV5, EV6, and EV9) latest electric cars.
Can Genesis compete with the Mercedes-Mayback GLS or Bentley Bentayga? Leave us a comment and let us know what you think of the ultra-luxe Genesis SUV.
Source: ShortsCar
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Marco Bello | AFP | Getty Images
Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors.
In its financial report late Thursday, Block reported earnings of 71 cents per share, falling short of the average analyst estimate of 87 cents, according to LSEG. Revenue of $6.03 billion also missed expectations of $6.29 billion. The company posted $2.31 billion in gross profit for the quarter, a 14% increase year over year, but slightly below consensus estimates.
Competition is stiffening in the market for payments systems to small- and medium-sized businesses. Analysts at Morgan Stanley noted that Square continues to lose market share to Toast, Fiserv’s Clover and Shift4. Analysts also pointed to the flattening user growth at Cash App as a concern.
Block reiterated its full-year 2025 outlook of at least 15% gross profit growth.
Square’s payment volume increased nearly 10% from a year ago, boosted by a 13% increase in the food and beverage sector. Retail transactions climbed 8%. Deutsche Bank highlighted Square’s renewed focus on industry-specific sales teams, particularly in those two areas, along with new distribution deals with T-Mobile, U.S. Foods and SalonCentric.
Cash App remains a primary growth driver, with gross profit rising 16% year over year in the quarter to $1.38 billion, topping estimates. However, monthly transacting users remained at 57 million for the fourth consecutive quarter.
The company has been gradually expanding Cash App Borrow, a short-term credit offering, and integrating buy now, pay later functionality into the Cash App Card through its Afterpay acquisition.
Barclays analysts wrote in a report that while Block has a “constructive setup” for long-term growth, the turnaround has been messier than expected, with 2025 improvements not likely until the back half of the year.
CEO Jack Dorsey sought to reassure investors on the earnings call, emphasizing that Block is positioned for long-term success through continued integration of its financial services products, including Cash App, Square and its Bitcoin initiatives.
“This year is going to be one of unexpected upside,” Dorsey said, pointing to the company’s new Bitcoin mining system, Proto, which is set to launch in the second half of 2025.
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