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Wednesday 20 December 2023
Tesla charging connector attracts 28 automakers as Volkswagen joins the crowd
Tesla's North American Charging Standard (NACS) has won over most leading carmakers after the Volkswagen group said several of its brands will adopt the charging connector in North...
Wednesday 20 December 2023
Automakers commit to full EV subsidy after German government drops out
Several carmakers have decided to bear the cost of EV incentives after the German government terminated the program. Tesla, Volkswagen, Stellantis, Mercedes-Benz, and Audi all said...
Friday 15 December 2023
VW’s software unit reaches deal on 20% budget cut, voluntary buyouts
Volkswagen AG's software unit Cariad has agreed to cut 20% of its internal development costs annually until 2028 as it attempts to avoid forced layoffs in a major restructuring prescribed...
Thursday 23 November 2023
Volkswagen starts high-voltage battery system production in China
Volkswagen Group has begun production at its first 100% owned battery plant in China. Volkswagen (Anhui) Components (VWAC) will produce high-voltage battery systems to support the...
Friday 10 November 2023
Volkswagen plans to launch a lower-priced EV in US
Higher prices have been one of the factors that hinder EV adoption, prompting carmakers to develop more affordable models. A Volkswagen executive said that the company aims to launch...
Monday 23 October 2023
VW falls after cutting forecast on EUR 2.5 billion hedging loss, costs
Volkswagen AG shares declined after outlining weaker-than-expected third-quarter earnings and hedging losses.
Friday 13 October 2023
Xpeng CEO visits VW Germany as electric car partnership deepens
Xpeng Inc.'s boss He Xiaopeng met with Volkswagen AG executives in Germany recently, offering a bullish update on its partnership with Europe's biggest automaker.
Wednesday 27 September 2023
Volkswagen cuts EV output at German sites as demand craters
Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies.
Friday 25 August 2023
Volkswagen purchases strategically important semiconductors directly from manufacturers
Carmaker Volkswagen has taken a new strategy to secure semiconductors. The company said it will purchase strategically important semiconductors directly from manufacturers. The move...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...
Thursday 10 August 2023
Hyundai Mobis receives extensive battery system assembly order from Volkswagen
Hyundai Mobis, a Hyundai Motor affiliate, has taken a step forward to diversify its customer base. The automotive parts supplier announced on August 9 that it has secured a large-scale...
Thursday 27 July 2023
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...
Tuesday 25 July 2023
BYD widens lead over Volkswagen as China's top-selling car brand
BYD Co. extended its lead over Volkswagen AG as China's top-selling automaker, with its wide range of electric vehicles proving hugely popular among local buyers.
Friday 7 July 2023
Volkswagen to test autonomous driving program in Austin with Mobileye's technology
Europe's largest carmaker is developing self-driving expertise in the US. Volkswagen Group of America announced that it has started a pilot autonomous vehicle (AV) program in Austin,...
Tuesday 4 July 2023
Volkswagen increases capital investment by CNY800 million in China's charging network
Volkswagen has doubled down to grow its charging capability in the world's largest EV market. The automaker's China division announced on July 3 that it plans to increase capital...