Škoda Auto announced plans to launch the Peaq electric vehicle this summer, marking the Czech automaker's entry into the seven-seat electric vehicle segment.

The Peaq will serve as Škoda's flagship model and represents the company's continued expansion of its electric vehicle lineup. The vehicle is designed to accommodate seven passengers, positioning it in the larger family vehicle market.

According to industry observers, the Peaq is expected to carry a premium price point reflecting its flagship status and size. The exact pricing details have not been disclosed by the manufacturer.

The announcement comes as European automakers continue to expand their electric vehicle offerings amid ongoing transitions toward electrification across the automotive industry. Škoda, owned by Volkswagen Group, has been gradually introducing electric models to compete in various market segments.