BERLIN: Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars, Reuters reported on Monday.

Expanding into the mass market is critical to meeting Tesla’s aim of increasing vehicle deliveries to 20 million by 2030, setting it apart from competitors like Volkswagen who have shied away from setting delivery targets and instead focused their strategies on protecting profit margins in the transition to EVs.

The German plant currently produces the Model Y, Europe’s best-selling EV. Read More