“We are resolutely pressing ahead with the transformation of the #volkswagen Group and focusing our investments on the future of mobility. This is part of our systematic and consequent imple- mentation of the Group’s strategy,” said Hans Dieter Pötsch, Chairman of the Supervisory Board of the #volkswagen Group.
“We will step up the pace again in the coming years with our investments. Hybridization, electrifi- cation and digitalization of our fleet are becoming an increasingly important area of focus. We in- tend to take advantage of economies of scale and achieve maximum synergies. In light of the worsening economic situation, we are also working on increasing our productivity, our efficiency and our cost base so as to secure meeting our targets,” said Herbert Diess, Chief Executive Officer of the #volkswagen Group.
During Planning Round 68, the long-term plan for the next 10 years was also modified. Through 2029, the Group plans to introduce up to 75 all-electric models to the market along with about 60 hybrid vehicles. The number of projected e-vehicles will rise to about 26 million, largely due to the addition of a year to the planning period to include 2029. #volkswagen is also planning to sell nearly 6 million hybrid vehicles by 2029.
About 20 million of the e-vehicles planned through 2029 will be based on the Group’s Modular Electric Drive Matrix (MEB). Most of the remaining 6 million vehicles will be based on the High Performance Platform (PPE). E-vehicles are scheduled to be made outside Germany by the com- pany’s plants in Mlada Boleslav, Chattanooga, Foshan and Anting. Others will be produced by Ger- man plants in Zwickau, Emden, Hannover, Zuffenhausen and Dresden. Plans for the Emden site were confirmed, according to which production of the electric A-SUV (ID.Next)1 should start in 2022. A camouflaged version of the ID.Next was already presented at this year’s Internationale Automobil-Ausstellung (IAA). A decision about a planned multi-brand plant is scheduled to be made by the end of the year.
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