VW to invest €73 billion ($AU118.7 billion) to accelerate the company’s transformation into a digital mobility company, and to try and keep up with Tesla.
The post VW to invest $A118 billion in EV and digital technology in “race to keep up with T…
Tag: Volkswagen
Volkswagen starts electric drive production in China
Volkswagen Group Components reinforces its position as a key supplier of central electric vehicle components for the brands and joint ventures of the Volkswagen Group in the most important market for electric mobility. With immediate effect, the Chines…
Tesla, VW lead the charge for EV dominance as EU sets plan to end combustion engines in 2025
Europe’s current emissions standards have already proven difficult for legacy automakers as evidenced by Honda joining Tesla and Fiat Chrysler’s pool deal recently. But if the EU Commission does decide to push through with its hyper-strict recommended Euro 7 standards, traditional automakers may find it even more difficult to stay competitive in the face of […]
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EU Commission wages war on combustion engines with hyper-strict emissions standards
The EU Commission received a study from a panel of experts that called for hyper-strict emissions standards for cars, which may spell the end of internal combustion engines (ICE) around 2025, Bild am Sonntag reported. The EU Commission could base its 2021 legal legislative proposal on the panel’s study. The Commission will negotiate its proposal […]
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Volkswagen sets aside €35 billion for e-mobility
In the course of its latest investment planning round for 2021 to 2025, Volkswagen intends to invest around 73 billion euros in the future-oriented topics of e-mobility, hybridization and digitization. A total of EUR 35 billion has now been budgeted for electromobility – two billion more than before. From 2023, the money will also be […]
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Volkswagen Group raises investments in future technologies to EUR 73 billion
The Volkswagen Group is pressing ahead with its transformation into a digital mobility company. As decided in Planning Round 69, the Group will spend around EUR 73 billion on electrification, hybrid powertrains and digital technology over the next five…
Amidst Tesla’s growing lead in the EV sector, VW boss rallies his troops to avoid being the next Nokia
The cellular phone industry was changed forever on June 29, 2007, when the first generation Apple iPhone was released to the public. It was a fresh and new idea that changed how mobile phones would be used and looked at forever. However, it was a wake-up call to Apple’s competitors and past cell phone manufacturers: […]
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Volkswagen Breaks Ground on U.S. Lab for Developing, Testing of EV Batteries
Volkswagen of America marked the start of construction of its Battery Engineering Lab at its Chattanooga Engineering and Planning Center. The approximately $22 million dollar facility will test and validate electric vehicle cells and battery packs for …
VW electric cars now rolling off two lines in Zwickau
Volkswagen has now also converted the second production line at the Zwickau plant to the construction of MEB electric cars. The German carmaker converted hall 6 for this purpose within 13 weeks. Series production of the ID.4, which already began in August, will now take place in both Hall 5 and Hall 6. This opening […]
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All-electric VW campervan takes on 7,500 km road trip
All-electric eCrafter camper drives 7,500km from Germany to northern tip of Norway, proving the case once again for long distance electric road trips.
The post All-electric VW campervan takes on 7,500 km road trip appeared first on The Driven.
