A new Volkswagen EV every month from 2019March 13, 2018
The Volkswagen Group has announced that 16 locations around the globe are to produce battery-powered vehicles by the end of 2022. Matthias Müller, CEO of Volkswagen AG, at the Group’s Annual Media Conference in Berlin, also said that, from 2019, there will be a new electric vehicle “virtually every month”.
The Group currently produces electric vehicles at three locations, and in two years’ time a further nine Group plants are scheduled to be equipped for this purpose. To ensure adequate battery capacity for the massive expansion of environmentally-friendly electric mobility, partnerships with battery manufacturers for Europe and China have already been agreed. The contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly.
“Over the last few months, we have pulled out all the stops to implement ‘Roadmap E’ with the necessary speed and determination,” CEO Müller explained in Berlin. When “Roadmap E” was launched last fall, Volkswagen announced plans to build up to three million electric vehicles annually by 2025 and market 80 new electric Group models. This year, another nine new vehicles, three of which will be purely electric-powered, will be added to the Group’s electric portfolio of eight e-cars and plug-in hybrids.
A number of innovations from the Group were presented last week at the Geneva International Motor Show, among them the Audi e-tron, the Porsche Mission E and the I.D. VIZZION, another member of the Volkswagen I.D. family. From 2019, there will be a new Volkswagen EV “virtually every month”, Müller said: “This is how we intend to offer the largest fleet of electric vehicles in the world, across all brands and regions, in just a few years.”
The CEO made a point of emphasizing that this did not mean Volkswagen was turning its back on conventional drive systems. Modern diesel drives were part of the solution, not part of the problem, he stressed – also with regard to climate change. “We are making massive investments in the mobility of tomorrow, but without neglecting current technologies and vehicles that will continue to play an important role for decades to come,” said Müller. “We are putting almost EUR 20 billion into our conventional vehicle and drive portfolio in 2018, with a total of more than EUR 90 billion scheduled over the next five years.”
The Volkswagen Group concluded the 2017 fiscal year successfully. Record figures were achieved for nearly all key performance indicators, most notably in the number of vehicles delivered: 10.7 million customers worldwide – more than ever before – opted for a model from one of the Group’s brands last year. This includes vehicles sold by the Chinese joint ventures, which handed over 4.2 million vehicles to customers in the 2017 reporting period (including Hong Kong and imports), 5.1 percent more than in the previous year.
Group sales revenue also climbed to a new record level in 2017. At EUR 230.7 billion, the Group’s sales revenue was up 6.2 percent on the prior-year figure, which was a new record.