Published: Thu, March 15, 2018
Technology | By Russell Knight

Volkswagen's ramping up EV production on a massive scale

Volkswagen's ramping up EV production on a massive scale

Volkswagen's comeback from the diesel scandal is nearly complete.

The German carmaker is making heavy investments to achieve its "Roadmap E" target.

. A supplier decision for North America will be taken shortly.

LG Chem, Samsung and Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) will deliver batteries to VW, which has no plans to start producing powerpacks by itself, Mueller said.

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The Volkswagen Group has confirmed it will scatter at least 16 electric-car production plants around the world within four years.

Mr Mueller, speaking at the company's annual news conference in Berlin on Tuesday, gave an upbeat view after last year's record sales of 10.7 million vehicles.

The size of the investments is in striking contrast to the current market share of electric vehicles and German manufacturers are now lagging behind its competitors such as BAIC from China, Renault-Nissan and Tesla. But over the past months, Volkswagen's commitments have continued to grow. That was just months after it promised to spend 20 billion euros (about $25 billion) on EVs and self-driving cars.

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Bloomberg New Energy Finance projects that Germany will surpass Norway in electric-car sales this year, perhaps not surprising given their respective populations of 83 million and 5.2 million. This could enable cars to act as a virtual power station, and around two in five (38%) of United Kingdom adults that own or intend to purchase a auto in the next 12 months would be more likely to buy an electric vehicle if this was the case. They hope to have 16 factories cranking out electrified models by 2022 which will ultimately lead to the group offering 50 all electric models by 2025 across all of its brands. There is the MEB (modular electric toolkit) and a sports/luxury architecture jointly developed by Porsche and Audi. The first model will be the Neo hatchback that goes on sale in 2020.

The U.S. has no coherent national plan for comprehensive fast charging, despite the model laid down by the Tesla Supercharger network starting five years ago, and the job is largely being left to private industry. Volvo pledged that next year all of its cars will move to electric. General Motors Co. (NYSE: GM) says it will have 20 or more electric vehicles by 2023. However, at the time, it did not go into detail about the investment.

While the entire world automobile market is thriving towards zero emission pure electric mobility, Volkswagen has its own reason to do so. The company, in its pivot, has framed electric cars as core to its mission.

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