Volkswagen to create its first innovation hub in North America

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To create the first innovation hub of the company, Volkswagen is partnering with the University of Tennessee and the Oak Ridge National Laboratory for developing new technology in North America, officials stated on Friday. Initial work at the hub in Knoxville will consist of research opportunities for UT doctoral students and will concentrate on electric […]

Volkswagen faces same fate as Nokia without urgent reforms, says CEO

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Volkswagen needs to accelerate the reformation of its business to prevent itself from becoming another Nokia, which lost its market dominance in the handset to Apple, the German automaker’s CEO Herbert Diess said. The multi-brand automaker aims to raise its market value to 200 billion euros ($223.10 billion), from around 91 billion currently, by revamping […]

Volkswagen to reach the production of their electric car target earlier

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Volkswagen stated on Friday that it would reach a major target in the production of electric autos earlier than previously expected. The automaker will have produced one million electric automobiles by the end of 2023, two years ahead of schedule. It now anticipates to have produced 1.5 million electric automobiles by 2025, it stated. This […]

Volkswagen to spend 60 billion euro in e-mobility, digital tech by 2024

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Volkswagen plans to invest 60 billion euros ($66.12 billion) by 2024 to develop electric and hybrid cars along with digital technologies, the automaker stated on Friday. Volkswagen prepares to build 75 variants of electric cars and around 60 hybrid vehicle models, it stated. By 2029 around 26 million electric cars will be constructed, of which […]

Volkswagen starts factory production of electric car which is ‘accessible to millions’

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The Volkswagen Group formally started series production of its ID.3 electric car this week, with the automaker aiming to become a world leader in the developing field of e-mobility. A ceremony, held at Volkswagen’s Zwickau plant, was visited by CEO Herbert Diess and German Chancellor Angela Merkel, as well as others. In a speech, excerpts […]

Volkswagen pushes battery partners to construct Gigafactories

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Volkswagen is pushing its joint venture partners consisting of SK Innovation (SKI) to construct electric car battery plants which have at least one Gigawatt manufacturing capacity, CEO Herbert Diess informed Reuters. “Anything below that amount would make little sense,” Diess stated on the sidelines of the Shanghai Auto Show on Sunday. Volkswagen will purchase 50 […]

Volvo expects electric car margins to match conventional cars next decade

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Volvo expects its margins on electric cars to find similarity with those of vehicles with combustion engines by 2025. Global automakers are preparing a $300 billion surge in spending on electric vehicle technology for the next five to one decade but have admitted that higher component expenses and limited take-up in initial years will impact […]

Volkswagen signs e.GO Mobile as first partner for production platform

e.GO mobile

Volkswagen has signed German start-up e.GO Mobile as the initial external partner for its modular platform for electric vehicles (EV), as it looks to simplify production throughout a variety of models. The partner will utilize VW’s so-called MEB production system to “bring e-vehicles to market that complement Volkswagen’s model offering,” the automaker stated. A particular […]