SEAT, the Spanish subsidiary of Volkswagen is set to release its first two fully electric models, named the "Mii" and the "el-Born" within the next two years.
The brand will also be releasing plug-in hybrid versions of its Leon, CUPRA Leon, Tarraco and CUPRA Formentor.
Plans are also underway to produce a new electric vehicle (EV) platform with Volkswagen, essentially a smaller version of Volkswagen Modular Electric Drive Toolkit (MEB) which the brand is willing to share in order to progress EV development. Volkswagen is looking to produce affordable EV's with a typical base-model price of below €20,000.
Volkswagen AG CEO Dr. Herbert Diess said “the small electric platform project is a great step towards an even more affordable electric mobility. SEAT will realize the first electric vehicle that is especially designed for urban journeys.”
EV development is also part of a micromobility strategy announced by the CEO of SEAT. The recently unveiled Minimó concept car and the electric SEAT eXS kickscooter are two examples of urban micromobility solutions put forward by the company.
The company reported its best results to date in 2018, when profit grew by 93.2%, and turnover has grown by 33% over the past 5 years.