Volkswagen Group

Volkswagen’s EV production woes in Germany continue. Volkswagen announced it’s pausing EV production at its German plant due to a lack of electric motors.

After releasing its results for the first nine months of the year, Volkswagen’s CFO said EV orders are down 50% in Europe. VW’s order intake fell short, attributed to a slowdown in the overall market.

Weeks after battery developer Gotion-High Tech acquired a 25% stake in startup InoBat, the two companies have signed an agreement to erect a gigafactory in Europe. As a Tier 1 battery supplier to its top shareholder Volkswagen Group, Gotion will look to InoBat to help it provide the German automaker and other marques with EV batteries… but where will the joint venture set up shop?

Volkswagen of America revealed today that the 2024 VW ID.4 electric compact SUV is getting a major upgrade for its 82 kWh battery models – here’s the lowdown.

The Volkswagen Group released its first-half (H1) 2023 results Thursday, showing a 48% rise in electric vehicle deliveries. Despite expectations for a higher proportion of EV sales in the second half of the year, Volkswagen has lowered its overall delivery guidance, citing logistics bottlenecks.

A week after confirming its subsidiary Audi will be co-developing EVs with SAIC Motor, Volkswagen Group is investing hundreds of millions of dollars in China’s XPeng Motors. Together, the automakers plan to jointly develop Volkswagen branded EVs for the Chinese market.

VW’s US Innovation Hub just announced four breakthroughs in electric mobility and sustainable transport – here’s what the research center has achieved.

Volkswagen Commercial Vehicles continues to expand the scope of its autonomous driving technology simultaneously on two separate continents using its ID.Buzz electric vans. In Germany where the robotaxi testing initially started, Volkswagen will begin transporting actual passengers for the first time, including government officials.

Volkswagen confirmed that it is in talks with Tesla to adopt the NACS connector for its electric vehicles in North America.

The news comes after Electrify America, which was founded by Volkswagen, announced the adoption of NACS.

Audi AG has announced a changing of the guard at CEO, as Markus Duesmann is being relieved of his duties following a resolution passed by the automaker’s supervisory board today. Duesmann will be succeeded by Volkswagen Group’s vice president of Product and Group Strategy and general secretariat, Gernot Döllner. Here’s what we know.

The German automaker’s chief financial officer believes the Volkswagen Group will be able to deliver an affordable EV with new, cheaper battery materials and streamlined production.

The Volkswagen Group hit a milestone after revealing 1 million electric vehicles have been produced on its MEB electric car platform.

As Volkswagen Group refocuses its business strategy to further prioritize profitability and cashflow, it is announcing a new optimization program pertaining to its Passenger Cars namesake specifically. The “Accelerate forward | Road to 6.5” program will leverage synergy across the VW Passenger Car brands in order to more than double profits to 6.5%.

For the first time ever, Volkswagen Group has shared detailed Q1 2023 financial results for its volume brand vehicles, including its namesake brand, Seat/Cupra, and its commercial division. The Group unit’s report shows promising growth in sales, profits, and most importantly, BEV deliveries. Here’s the latest.

German automakers, known for their luxury and performance, hold different views on the use of e-fuels. While Mercedes-Benz CEO says it will favor “technically superior” EVs over ICE vehicles powered by e-fuels, Audi’s CEO says the synthetic fuels will play a major role within the Volkswagen Group’s plans, including Porsche.

Volkswagen Group’s battery electric vehicle deliveries saw a large increase of 42% year-over-year in Q1 2023.

Canadian Prime Minister Justin Trudeau has announced a massive deal with German automaker Volkswagen Group to implement its first electric vehicle plant outside of Europe in the country. Canada has promised the group billions in matched subsidies offered by the US government to construct its massive new battery gigafactory north.

German automaker Volkswagen Group is looking to more than double its current share of the US market by prioritizing EV production in North America. By adhering to new terms laid out in the Biden Administration’s Inflation Reduction Act, Volkswagen intends to deliver at least 25 all-electric models over the next seven years that will qualify for the entire $7,500 federal tax credit.

Volkswagen Group sub-brand Cupra has been market testing the possible entry into the US market, according to SEAT Cupra CEO Wayne Griffiths. Cupra has expanded to new markets outside of Western Europe recently and has multiple all-electric models in its production pipeline in Spain as it looks to grow its recognition as its own standalone EV brand.

According to a recent update from Volkswagen Passenger Cars CEO Thomas Schaefer, the Group intends to build at least four of its incoming EVs across its sub-brand’s current and upcoming facilities in Spain, including the VW ID.2, whose concept version, the ID.2all, was unveiled last week.

After battery electric vehicle (BEV) sales rose 26% in 2022, Volkswagen is doubling down on its EV strategy, investing nearly $200B (€180 billion) over the next five years to ramp production.