MUNICH : Volkswagen Chief Financial Officer Arno Antlitz said on Wednesday rising battery material costs mean it will be 2025 before the automaker can build some electric vehicles at the same profit margins as combustion models. “A lot of the margin parity depends on raw materials,” Antlitz told the Reuters Automotive Europe conference. When Volkswagen […]
Volkswagen To Bring Its First EV In India Next Year – EQ Mag
In 2022, VW sold around 41,000 units in the domestic market and in the first quarter of 2023 it sold nearly 12,000 units German carmaker Volkswagen plans to bring its first electric vehicle in India next year with the launch of premium electric SUV ID.4 to tap the opportunity in the fast growing electric mobility […]
Volkswagen To Launch 10 More Electric Vehicle Models By 2026 – EQ Mag
Germany’s Volkswagen AG said that it plans to launch 10 more electric vehicle models by 2026. The company has been the top selling passenger vehicle brand in China for decades, but is now losing ground in the country to local counterparts. In 2022, the company reported a sales loss of 3.6 percent to 31.8 lakh […]
VW aims to produce 3 mln small EV cars in 2025-2030 in Spain, SEAT chief says – EQ Mag
BARCELONA : German carmaker Volkswagen plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030, Wayne Griffiths, the chairman of VW’s Spanish unit SEAT, said on Wednesday. The German car maker is pushing the electrification of its production and plans to build a battery plant in Spain. […]
Volkswagen lays out details of planned affordable electric car – EQ Mag
BERLIN : Volkswagen laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker’s push to derive 80% of VW passenger brand sales in Europe from all-electric vehicles by 2030. The car with a 450-km range (280 miles), to launch in Europe by 2025, will […]
Volkswagen presents new low-price electric car, ID.2all – EQ Mag
The Volkswagen brand is continuing the success story of its compact cars in the age of electric mobility and is providing a first glimpse of an all-electric Volkswagen costing less than 25,000 euros with the ID. 2all concept car. Initial facts: front-wheel drive, range of up to 450 km, innovative technological features such as Travel […]
VW Boosts Spending To Speed Up Electric Car Shift – EQ Mag
Volkswagen said on Tuesday it would invest 122 billion euros ($130 billion) in the shift towards electric vehicles over the coming years, as the battle for dominance in the EV market heats up. The German giant said it was planning overall investments of 180 billion euros between 2023 and 2027, of which 68 percent would […]
Volkswagen to build electric vehicle battery plant in Canada – EQ Mag
Volkswagen announced Monday it plans to build a major plant for electric vehicle batteries in Canada. The European automaker said the Volkswagen Group and its battery company PowerCo will establish its first overseas ”gigafactory? for battery cell manufacturing in St. Thomas, in southwestern Ontario. The start of production is planned for 2027. The company signed […]
Volkswagen invests in key plant for electric era – EQ Mag
German auto giant Volkswagen unveiled Wednesday a major investment to convert the main factory at its headquarters to electric car production, although the future of a planned new plant remained unclear. The legacy automaker has in recent years launched a shift towards electric vehicles, seeking to boost its green credentials and turn the page on […]
Volkswagen to invest $482 million to make electric compact car at Wolfsburg – EQ Mag
BERLIN : Volkswagen will invest 460 million euros ($482 million) by early 2025 in its Wolfsburg plant, with most of the funds to be spent for the production of the electric ID.3 model, brand chief Thomas Schaefer said on Wednesday. After full production of the compact car gets underway, which is expected by 2025, an […]