Volkswagen’s battery arm PowerCo won’t IPO until all factories are open

Volkswagen isn’t planning to list its battery startup PowerCo on the stock market until all of its factories are operational and its batteries are in use, according to a recent statement from a chairperson at the company. Thomas Schmall, Chairman of the Supervisory Board of PowerCo and Volkswagen AG Board Member, told Reuters that the […]

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Volkswagen and Xpeng have agreed to develop EVs together

Volkswagen and Xpeng have agreed to develop two electric vehicles together, which will hit the market in two years, the companies announced today. The EVs built by VW and Xpeng will wear the German automaker’s badge, likely due to brand recognition. Both cars developed through the joint partnership will be mid-sized SUVs and will be […]

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Volkswagen’s Scout Motor CEO teases details on upcoming electric vehicles 

Volkswagen’s Scout Motor CEO recently teased some details about the revived company’s upcoming electric vehicles (EVs). Scout Motor is expected to help Volkswagen break into the United States electric pickup truck market, but it doesn’t want to stop there. The company is also developing an all-electric SUV.  Last week, the company broke ground on its $2 […]

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