According to Reuters, Volkswagen CEO Herbert Diess said that thanks to the investment of tens of billions of dollars in large-scale development of battery electric vehicles, and economies of scale, Volkswagen is expected to be in electric vehicles. The field has become the most profitable car manufacturer.
Volkswagen announced that it will invest a total of $50 billion to develop electric vehicles, driverless and new mobile travel services by 2023, and increase cooperation with Ford.
Volkswagen and Ford initially focused on commercial vehicles. Diss hopes to reach a substantial cooperation agreement framework with Ford at the end of this year, but he also said that Volkswagen has no intention to merge or acquire shares with Ford. At a press conference held at Volkswagen’s headquarters in Wolfsburg, Germany on the 16th, Diss said that mass production of electric vehicles could enable the company to reduce the cost of electric vehicle production to the current level of production of diesel vehicles. He said: “Our car is exciting and has significant economies of scale. I think Volkswagen will be the most profitable electric car manufacturer.”
The Volkswagen Board of Supervisors voted to pass a long-term capital expenditure plan for large-scale production of electric vehicles in Europe, and the most radical decision-making adjustment since the exposure of Volkswagen diesel vehicles in 2015. Volkswagen will reorganize three German car manufacturers to produce electric vehicles and explore alliances with electric vehicle battery partners and other car companies.
In addition, by 2025, by producing different brands of cars on the same production line, Volkswagen plans to increase productivity by 30%. It is also hoped that after 2020, the proportion of R&D expenses of Volkswagen brands will be reduced in the total revenue of the entire automotive sector. To 6%. Diss said: “To provide financial support for future huge expenditures and remain competitive, the public must be more efficient and further improve productivity and profitability.”
Post time: Nov-26-2018