China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
Mahindra to Use Volkswagen Electric Components, Battery Cells
Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use…
Volkswagen is Getting Closer to Cell-to-pack (C2P) EV batteries
Volkswagen Group China has begun producing battery systems at a new factory in Hefei, China for its MEB platform EVs in the country. The initial capacity of the plant will be 150,000-180,000 EV packs per year, and marks VW’s first…
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
BYD Widens Lead Over Volkswagen As China’s Top-Selling Car Brand
BYD extended its lead over Volkswagen as China’s top-selling carmaker, with its wide range of electric vehicles (EV) proving hugely popular among local buyers. After dethroning the German giant for the first time earlier this year, BYD notched up 595,300…
Volkswagen Shares Recover After EV Production Cut Reports
Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker played down reports it will cut EV output in Germany over the next two weeks because of lower than expected demand. Volkswagen “expects the…
Volkswagen EV Car: First Image
In response to increasing competition in the EV market, German auto giant VW launched a new entry-level electric vehicle on Wednesday. In a press release on March 15, Volkswagen provided a first look at the ID. 2all concept, an affordable…
Meet the V.MO – Volkswagen Group China Unveils State-Of-The-Art Passenger Drone Prototype
Volkswagen Group China today unveiled its first electric Vertical Take-Off and Landing (eVTOL) passenger drone prototype, as part of its strategy to explore and break new ground in fully electric and sustainable individual mobility concepts. In 2020, Volkswagen Group China…
In The Midst Of The EV Push, GM And Volkswagen Are Strengthening Their Battery Supply Chains
Auto makers are trying to control more of the supply chain for electric vehicles, forging new partnerships with raw materials producers and investing in facilities that make chemicals for batteries. Auto makers are trying to control more of the supply…
Volkswagen Moves A Step Closer To Creating Its Own Battery Cells For Electric Vehicles.
Volkswagen Group Components has opened what it claims as ‘one of the most modern laboratories for cell research and development in Europe’, in Salzgitter. The company is further expanding its expertise in battery technology and taking the next step towards…
