In order to maintain the good rhythm in the electric segment and in order to satisfy its clients, Volkswagen is increasing its production.
With the world premiere of the new all-electric ID.3 in September and the start of production at the Zwickau electric vehicle plant in November, the Volkswagen brand has already reached major milestones.
2020 will be dominated by the market introduction of the ID. family. The first ID.3 cars will appear on Europe’s roads in the summer. Over the next few years, Volkswagen intends to become the world market leader in e-mobility and is investing €33 billion in these efforts throughout the group by 2024, including €11 billion in the Volkswagen brand.
Under the latest plans, the strategic target of one million electric cars is expected to be reached end of 2023, two years earlier than previously predicted. The Volkswagen brand expects 1.5 million electric cars to be produced in 2025.
In connection with its electric offensive, Volkswagen has also moved into a number of strategic business areas. With its newly established subsidiary Elli, Volkswagen is forging ahead with the development of charging infrastructure. Elli already has more than 10,000 power customers. Together with its dealers, Volkswagen is also installing its own charging stations. By 2025, a total of 36,000 charging stations are to be developed throughout Europe at dealerships and plants.
Volkswagen has also laid foundations for the development, testing and production of battery cells. A battery cell factory with a capacity of 16 gigawatt-hours is to be developed in Salzgitter from 2020. The start of production is planned for the end of 2023/beginning of 2024. For this purpose, Volkswagen has entered into a joint venture with the Swedish battery manufacturer Northvolt.