Friday , October 22 2021

VW share: Volkswagen goes fully into electric cars – 09.11.18



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Through the biggest crisis in its history, the Volkswagen Group accelerates its transformation into a supplier of electric cars. According to company circles, the supervisory board will give the green light to CEO Herbert Diess's plan to turn three factories into producing clean battery vehicles in the next few years – two more than expected – next Friday (November 16th).

The low-end Passat car is expected to be transported from Emden to a Škoda factory in the Czech Republic. This should be created at the VW factory in East Frisia with 9,000 employees to build large-scale electronic cars. Also, the VW Carrier Factory in Hanover should be reversed. In Zwickau, Saxony, these preparations are already in progress. "With this strategy, we want to secure employment in a country with high prices," said a top manager.

The world's largest automaker is under pressure because of the diesel crisis and the toughest climatic issues caused by it and is now going into the offensive. "We do not just want to comply with laws, we want to overcome them," said the interior. The aim is to comply with the requirements of the Paris Climate Agreement. Air for the related investments, the Group wants to achieve savings programs in billions of dollars in various brands. "We have to do it ourselves." The decision to invest € 34 billion on electric motors, stand-alone driving, digitization and new mobility services by the end of 2022 is unlikely to increase significantly.

In order to provide the required amount of energy storage for the projected increase in the number of electric cars, Lower Saxony is negotiating with several trusters about a cooperation with the Korean SK Innovation battery manufacturer. The goal is to build a battery cell factory in Europe, as it was named in corporate circles. In Germany, this is currently not feasible without massive political assistance. "Policy and business need to shape the future together," said a top manager. According to a company trusted, plans by Federal Finance Minister Peter Altmaier (CDU) are independent of this and have pledged start-up funding for an industrial consortium to produce battery cells. Details are expected next week when Altmaier is about to speak at a conference in Berlin on electric mobility.

E-CAR for less than 20,000 euros

Volkswagen's plans for the Emden plant predict the construction of a particularly favorable electric model with a capacity of 200,000 units per year. The domestically called "MEB entry" vehicle should be available for less than 20,000 euros. In addition, Passat I.D. The aircraft with 100,000 units is moving away from the line, with which Emden would arrive with a capacity of about 300,000 vehicles.

In Hanover, the electrical successor Bulli I.D. Buzz will be built with more than 100,000 units. The plant, in which, inter alia, the T6 carrier is moving away from the line, will have to take in the next few years more electric vehicles, including the interior, according to the SUV Lounge and the I.D. Cargo. To this end, part of the production of the carriers is to be delivered to a factory of the future Ford partner in Turkey. According to the stakeholders, the second-largest US carmaker is negotiating a broad alliance of autonomous cars and powered by the city's river battery.

The Zwickau plant is already being transformed into a European electric vehicle manufacturing facility. The beginning will be there in late 2019 the compact I.D. Make Neo, VW praises as the first "CO2-neutral vehicle". I.D. The cross should follow in 2020. In order to make space, production of the Passat in Zwickau was interrupted in the summer. Golf and golf, which continue to run from the production line, must be delivered gradually to the Wolfsburg plant.

The Passat will be built in the future at Skoda's factory in Kvasiny in the Czech Republic, where the Superb is already being built. Both models share the same platform. To this end, Ateca off-road vehicles from Seat and Karoq from Kvasiny are going to be transported to a new factory, which Volkswagen plans with a capacity of 350,000 units in Eastern Europe. A location is still being sought.

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Source: Volkswagen AG

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