Volkswagen entered the Chinese market some 40 years ago and since then, has sold more than 42 million cars in China. Currently, the Group sells around 40% of its cars in China. Every fifth car sold in China bears the logo of one of the brands from the Group. For the past year, even against the car market trend in China, VW Group experienced an increase in market share together with its joint-ventures FAW-Volkswagen...

20 January 2020

Reuters cites two sources who shared that Volkswagen intends to buy 20% of Guoxuan High-tech Co. Ltd. - a Chinese manufacturer of EV batteries. This will happen in the coming weeks via a discounted private share placement. Reuters estimates that Volkswagen's 20% share will be worth around $560 million is based on the $2.8 billion market capitalization of Guoxuan. Thus it will become the second-largest stakeholder in...

17 January 2020

Today Volkswagen announced that it increases production forecast of electric cars for the next 5-year period. The group is investing €33 billion in electromobility throughout the group by 2024, including €11 billion in the Volkswagen brand. The strategic target of one million electric cars is expected to be reached by the end of 2023, two years earlier than previously predicted. Moreover, Volkswagen expects 1.5...

27 December 2019

Volkswagen Group Components has unveiled its latest work - a prototype of a mobile charging robot that drives to the electric car completely autonomously after being started via an app or V2X communication. It brings a trailer in the form of a mobile energy storage device- to the vehicle and connects them so it charges the EV battery. The energy storage device is called a battery wagon and has a 25 kWh capacity. In...

26 December 2019

Volkswagen has announced that its Brunswick plant is where the batteries for all vehicles based on the MEB platform are and will be produced. It plans to output up to 500,000 units per year. A battery pack consists of modules and each module consists of battery cells. On the ID.3, the largest battery pack has a net capacity of 77 kWh and estimated gross capacity of 82 kWh. It comprises of 12 modules and each one of...

5 December 2019

Volkswagen unveiled the ID. SPACE VIZZION concept car on the eve of the LA Auto Show. This vehicle is the seventh concept under the ID. brand and combines the "aerodynamic design of a Gran Turismo with the space of an SUV." The front section of the vehicle with airflow openings, enables a drag coefficient of 0.24. Just like every other model from the ID. family, it is based on VW's MEB platform and offers 82 kWh of...

20 November 2019