Volkswagen to deepen alliances with battery suppliers

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Volkswagen is going to create joint ventures and help finance battery production to persuade skeptical cell providers to back its aggressive push for mass-producing electric vehicles, board member Stefan Sommer informed Reuters. VW has stated it will purchase 50 billion euros ($56.57 billion) worth of battery cells and has identified Sweden’s Northvolt, South Korea’s SKI, […]

VW wins worker support for restructuring with $1.1 billion battery plan

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Volkswagen workers supported a restructuring of Volkswagen on Tuesday after CEO Herbert Diess vowed to spend 1 billion euros ($1.1 billion) on a new battery cell production plant close to its headquarters in Lower Saxony. Diess requires the support of Volkswagen’s powerful unions as he tries to slim down and simplify the German company, that […]

SK Innovation in talks to set up JVs with Volkswagen, and others

SK Innovation

SK Innovation is in talks to establish separate battery-making joint ventures with Volkswagen AG and Chinese partners, as the petrochemicals producer progressively expands its contributions in electric vehicles (EVs). The company verified talks with Germany’s Volkswagen for the first time, informing Reuters the pair were talking about building a factory together. It also stated it […]

Volkswagen can build up to 15 million cars using electric car platform

Volkswagen T-Roc images

Volkswagen on Friday stated it can build up to 15 million electric cars utilizing its new MEB vehicle platform, revealing the scope of the automaker’s push to mass produce zero-emission vehicles. Volkswagen is spending over 11 billion euros ($12.52 billion) into electric connected and autonomous vehicles by 2023, about 9 billion euros of this amount […]

White House presses German automakers to boost U.S. investments

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President Donald Trump pressed senior executives of top German automakers to boost their investments in the United States as the White House thinks about imposing new tariffs on European-made vehicles. German automakers stated after the meeting they informed Trump they planned to increase U.S. investments, but cautioned they would not be able to do so […]

Volkswagen may sideline Audi, link with competitors in new 10-year plan

Audi e-tron images

Volkswagen CEO Herbert Diess will outline a 10-year plan on November 16 to cut research expenses by collaborating with competitors, a step which would sideline Audi as the group’s leading development center. The chief executive will outline his plan at a meeting of the automaker’s supervisory board, two sources informed Reuters. It will explore possible […]

Mobileye, Volkswagen plan autonomous ride-hailing service for Israel

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Volkswagen and Intel’s Mobileye are preparing to present Israel’s first ride-hailing service using self-driving cars from early next year. The two companies are establishing a joint venture with Israeli car importer Champion Motors, under that Volkswagen will give the electric vehicles and Mobileye its autonomous technology for driving, the companies stated on Monday. The service, […]