44 billion euros of electromobility: the revolution of the electric car at VW – economy



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Volkswagen takes more deeply into the pocket for the change of electric car provider.

▶ ︎ Over the next five years, the world's largest automaker plans to invest 44 billion euros in electromobility, autonomous driving, mobility services and digitization.

This was decided by the supervisory board on Friday. For the last five – year planning period (2018 to 2022), VW had set a volume of investment of 34 billion euros for these topics.

The new amount now represents about one-third of the total planned spending for the period. "We intend to make VW the world leader in electronic mobility," said Herbert Diess, group director in Wolfsburg.

This means that: Volkswagen derives the consequences of the diesel disaster and directs strategically: in the future, the Wolfsburgs want to turn into a group of electric cars.

"We will be cheaper than Tesla", Promise Herbert Diess, CEO of the group.

▶ ︎ Over the next few years, three large plants (Emden, Hanover and Zwickau) will move to the production of battery-powered vehicles.

In addition, the group wants to build a new plant in Eastern Europe.

VW's supervisory board paves the way for electromobility

In order to have the necessary amount of energy storage to increase the number of electric cars, VW is also thinking about its own involvement in the production of battery cells, as Diess confirmed.,

▶ ︎ To date, the group has purchased its battery cells from Asian suppliers LG Chem, Samsung and CATL, as well as to the South Korean company SK Innovation in the future.

However, the German government is also concerned that German manufacturers in Asia are too dependent on this technology – and therefore wants to promote the development of battery cell production in Germany.

30 new electric models for China

VW is also starting in China.

With its partners, Wolfsburg in the People's Republic wanted to invest more than four billion euros in electric cars, autonomous driving and mobility services, said outgoing VW China chief Jochem Heizmann on the occasion of the Salon of Guangzhou automobile,

In 2020, VW wants to have the widest range of electrified models on the Chinese market: 30 new electric models are planned for Wolfsburg, half of which are produced locally. By 2020, for example, about 400,000 electrified models will be delivered in China, followed by 1.5 million vehicles by 2025.

Heizmann will retire early next year. The boss: the CEO of VW, Diess, will take things in hand.

Place Emden

For the moment, clbadic Pbadat models are under construction in East Friesland. Production must be transferred to a Skoda factory in the Czech Republic.

▶ ︎ In the future, VW's "entry SEM" will come out of the production line in Emden – an electric car that will cost less than 20,000 euros. The plan is to have 200,000 vehicles a year.

With the car, VW wants to compete with US rival Tesla, which propels the Model 3 into the mbad market.

In addition, the electric Pbadat I.D. Aero will be built with a number of 100,000 units.

Hanover location

In the capital of Lower Saxony, the successor of Bulli Electric, I.D. Buzz is built with a number of more than 100,000 units per year.

▶ factory The factory, in which, among others, the Transporter T6 comes out of the badembly line, must receive additional electric vehicles in the coming years, including the SUV Lounge and Id. Cargo.

Location Zwickau

In Zwickau, Saxony, conversion to a highly automated car plant is already underway. By the end of next year, the production of compact I.D. Start Neo.

▶ ︎ In the future, up to 330,000 electric models will be produced each year, more than in any other VW site. This was announced by the automaker on Thursday.

As the largest volume supplier in the world, we convert a complete factory from an internal combustion engine to electromobility.

▶ ︎ From the end of 2019, the first 100% electric models of the ID series in Zwickau will leave the production line and by 2021, six E models from three brands of the group will be built there.

Currently, golf and golf variants are manufactured in Zwickau. Volkswagen invests around 1.2 billion euros in conversion.

By 2025, Volkswagen plans to sell more than one million electric cars a year. In addition to the new German E-Auto factories in Emden and Hanover, two E factories are under construction in China. Also in the United States, electric cars must be produced, a location is not fixed.

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