Its real.
La 2009 Volkswagen Up Lite — Autoblog
It has windshield wipers and a real interior therefore its a production car in disguise. But knowing VW the awd, hybrid, carbon fiber and weight claim is pure vaporware. Remember the old UP concept that was supposed to be rear engine, rear wheel drive? Also vapor ware. This looks like a derivative of the Polo with a lowered roof.