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Friday 16 February 2024
Volkswagen-backed Scout Motors breaks ground on first plant, targeting 200,000 EVs annually
Scout Motors took a step further to establish its first production site in South Carolina, the US. The company aims to begin production by the end of 2026 and make 200,000 vehicles...
Friday 16 February 2024
VW surpasses BYD as China's top car vendor
According to international media reports, the Chinese automotive market saw an unexpected sales performance in January from Volkswagen, which took first place in local production...
Friday 19 January 2024
Uncertainties may disrupt German EV market
The electric vehicle (EV) landscape in Germany may see disruption in 2024 as Chinese manufacturers make inroads into the market, and reduced government subsidies put pressure on growth...
Friday 12 January 2024
EV makers cannot absorb cut German government subsidies
Following the German government's move to curtail subsidies for electric vehicles (EVs) major automakers reassured consumers by pledging to absorb the costs.
Wednesday 10 January 2024
ChatGPT to enhance automotive assistance, future of AVs uncertain
AI and the technology's best-known LLM ChatGPT are becoming ubiquitous in the automotive industry.
Wednesday 20 December 2023
Tesla charging connector attracts 28 automakers as Volkswagen joins the crowd
Tesla's North American Charging Standard (NACS) has won over most leading carmakers after the Volkswagen group said several of its brands will adopt the charging connector in North...
Wednesday 20 December 2023
Automakers commit to full EV subsidy after German government drops out
Several carmakers have decided to bear the cost of EV incentives after the German government terminated the program. Tesla, Volkswagen, Stellantis, Mercedes-Benz, and Audi all said...
Friday 15 December 2023
VW’s software unit reaches deal on 20% budget cut, voluntary buyouts
Volkswagen AG's software unit Cariad has agreed to cut 20% of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed...
Thursday 23 November 2023
Volkswagen starts high-voltage battery system production in China
Volkswagen Group has begun production at its first 100% owned battery plant in China. Volkswagen (Anhui) Components (VWAC) will produce high-voltage battery systems to support the...
Friday 10 November 2023
Volkswagen plans to launch a lower-priced EV in US
Higher prices have been one of the factors that hinder EV adoption, prompting carmakers to develop more affordable models. A Volkswagen executive said that the company aims to launch...
Monday 23 October 2023
VW falls after cutting forecast on EUR 2.5 billion hedging loss, costs
Volkswagen AG shares declined after outlining weaker-than-expected third-quarter earnings and hedging losses.
Friday 13 October 2023
Xpeng CEO visits VW Germany as electric car partnership deepens
Xpeng Inc.'s boss He Xiaopeng met with Volkswagen AG executives in Germany recently, offering a bullish update on its partnership with Europe's biggest automaker.
Wednesday 27 September 2023
Volkswagen cuts EV output at German sites as demand craters
Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies.
Friday 25 August 2023
Volkswagen purchases strategically important semiconductors directly from manufacturers
Carmaker Volkswagen has taken a new strategy to secure semiconductors. The company said it will purchase strategically important semiconductors directly from manufacturers. The move...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...