Volkswagen To Invest €15 Billion In Electric Mobility By 2024 In China
Volkswagen, a Germany-based automobile manufacturer, announced its plans to invest €15 billion (~$ 17.53 billion) in China’s electric mobility segment by the end of 2024. The carmaker’s China arm will collaborate with its joint ventures, including SAIC Volkswagen, FAW-Volkswagen, and…
A Bill Gates-Backed Electric Vehicle Battery Developer Is The Latest Firm To Publicize Its Acquisition
An electric vehicle battery developer financed by Bill Gates and Volkswagen is the latest firm to reveal its intention of undergoing amalgamation through an explicit peculiar acquisition process. QuantumScape, which manufactures vehicle batteries, explained to the public that it would…
VW, Ford U.S. EVs Endangered Due To Ongoing Legal Battle Between Battery Suppliers
An ongoing spat between two South Korean electric vehicle battery makers could put a crimp in Ford Motor Co.’s plans to produce an all-electric version of its best-selling F-150 pickup and future electric vehicles as well as Volkswagen of America’s…
Electrified And Energised: World Premiere Of The New Tiguan
The Volkswagen Tiguan is Europe’s most successful Sports Utility Vehicle and one of the top-selling SUVs in the world. More than six million units have been produced to date. In 2019, the Tiguan was again the most popular model of…
Volkswagen To Spend $2.2 Billion To Expand In China’s Electric Car Market
Volkswagen is spending 2 billion euros ($2.2 billion) to expand its presence in China’s electric car industry in the biggest foreign investment announced since the country’s economy began to reopen following the coronavirus pandemic. Volkswagen AG said it will buy…
Volkswagen Production In Wolfsburg Begins Again
“Step-by-step resumption of production is an important signal for the workforce, dealerships, suppliers and the wider economy. In terms of managing the crisis, though, this is just the first step. Additional momentum is needed to stimulate demand in Germany and…
Volkswagen’s Seat Brand Postponed China Entry
The China market entry of Volkswagen Group’s Seat brand, where it was to develop a small electric vehicle, has been postponed by changing business conditions and a revision of VW Group’s strategy. Interim CEO Carsten Isensee announced the change in plans…
