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Porsche IPO for VW Group’s EV push gains traction

Teslarati

On February 24, 2022, Porsche Automobil Holding SE (Porsche SE) and Volkswagen agreed to “further examine and generally support the feasibility” of a potential Porsche IPO. The possible IPO of Porsche AG would generate funds to help Volkswagen AG increase electric vehicle production and digitalization. . “We

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Bcomp closes US$35M Series B with mobility and impact venture capital

Green Car Congress

Bcomp, a leading manufacturer of high-performance components made from natural fibers, has closed its oversubscribed Series B financing round of CHF 32.4 Volvo Cars first worked with Bcomp in 2018 for the Volvo Ocean Race Recycled Plastics Demonstrator Vehicle, followed by its most recent concept car, the Volvo Cars Concept Recharge in 2021.

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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

At around €12 billion, we will spend more than ever before on electric mobility by 2024. —Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric.

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Volkswagen AG to launch 30 new cars globally in 2024 to battle slowdown hurdle

Baua Electric

Read more Volkswagen AG is planning to launch a product offensive of 30 new cars including both electric and ICE vehicles, in an attempt to offset the gloomy growth outlook. The German automobile giant expects its passenger vehicle sales in this year to grow just three per cent, sharply down from 2023. lakh units in 2023.

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Volkswagen boosts Project Trinity budget to electrify its European production plants

Teslarati

Volkswagen intends to have eight manufacturing facilities in Europe that are completely catered to the company’s transition to electric vehicles across its many brands, including Audi, Porsche, and the Volkswagen ID. The German automaker has built electric vehicles on its dedicated ID.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. Also in electric mobility, we want to become the Number 1 among the premium manufacturers—with full suitability for everyday use, no compromises, top quality and driving pleasure for the customer.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

sales to be electric vehicles by 2030 – The German automaker said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from a previous target of 35%. The announcement is specifically for VW-branded vehicles and does not apply to other brands in the VW portfolio (Audi, Porsche, SEAT, Bentley, etc.).

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