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NEWS TAGGED VOLKSWAGEN
Monday 24 April 2023
Volkswagen to invest EUR4.8 billion in Canadian EV battery plant
Volkswagen aims to break ground on its largest battery plant to date in 2024. The carmaker said it will invest EUR4.8 billion (US$5.28 billion) in the battery project in Canada by...
Thursday 20 April 2023
Volkswagen to establish R&D and procurement center in China to shorten EV development times
Volkswagen unveiled another project to gain a presence in the world's largest EV market. The carmaker said it will invest EUR1 billion (US$1.1 billion) in building an EV R&D and...
Tuesday 18 April 2023
Volkswagen and Ford to invest in Indonesian EV battery ecosystem with international partners
Indonesia is expecting more international investment to inject into its EV segment. PowerCo, Volkswagen's battery subsidiary, has expressed interest in building a battery ecosystem...
Tuesday 11 April 2023
Automotive chip shortage greatly improved
Shortages of automotive ICs have been significantly reduced since 2023, with variations in demand now serving as the primary driver, according to sources in the car industry supply...
Tuesday 21 March 2023
VW says there's never been a better time to build an EV factory in the US
Volkswagen AG said lucrative new US incentives for EV makers were just too good to pass up when weighing to pick a partner or build its own factory to make cars for the new Scout...
Thursday 16 March 2023
Volkswagen shows EUR25,000 EV to compete where Tesla has left an opening
Volkswagen AG unveiled an affordable electric vehicle that's a couple years away from production, putting Europe's largest carmaker on a collision course with Tesla Inc.
Tuesday 14 March 2023
VW sets EUR180 billion spending plan to further new technology
Volkswagen AG raised its five-year investment plan to EUR 180 billion ($193 billion) as Europe's biggest carmaker intensifies a push to challenge Tesla Inc.'s leadership on electric...
Tuesday 14 March 2023
Volkswagen announces first battery plant in North America
Volkswagen announced on March 13 that it is going to build the first overseas battery cell plant in Ontario, Canada. The plant will be stablished through VW's battery subsidiary Po...
Monday 13 March 2023
VW CEO's Berlin IPO summit leaves attendees guessing on strategy
Volkswagen AG's Oliver Blume summoned top managers to a hip Berlin hangout in late January to strategize on how Lamborghini, Bentley, Skoda and Seat would pitch an initial public...
Friday 10 March 2023
CATL reports CNY328.6 billion in 2022 revenue, seeing slower profit growth in 4Q
China-based battery maker CATL had a strong 2022 despite the challenges caused by COVID-19 and the lithium price hike. The company saw a 152% growth in revenue and a 92.9% increase...
Monday 6 March 2023
VW's Scout Motors to make electric trucks and SUVs in South Carolina
Volkswagen Group has proceeded with its plan to revive the iconic American vehicle, the Scout. The company announced on March 3 that it had selected the State of South Carolina for...
Tuesday 14 February 2023
VW and BMW battery supplier could reap billions from Biden's EV bill
Northvolt AB joined European companies putting policy makers on notice about the allure of US green tech incentives, calling tax credits tucked in President Joe Biden's Inflation...
Friday 3 February 2023
China automotive market will see strong rebound in 2H2023, VW CEO says
Volkswagen Group CEO Oliver Blume is visiting China. He said the country's automotive market will make a robust comeback in the second half of this year. In addition, Blume also stated...
Monday 30 January 2023
Onsemi, Volkswagen team up for EV inverters
Onsemi has signed a strategic agreement with German automaker Volkswagen (VW) to provide modules and semiconductors that enable a complete electric vehicle (EV) traction inverter...
Tuesday 17 January 2023
VW will shorten time to market in China to help EV sales
Volkswagen Group plans to grow its EV competitiveness in China. The automaker will expand local R&D resources in the country, aiming to decrease time to market to the average...