Sign Up for FREE Daily Energy News
CDN NEWS  |   US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
BREAKING NEWS:

EnergyNow Subscription Offer
Hazloc Heaters
EnergyNow Subscription Offer
Hazloc Heaters

VW capable of building 50 million electric vehicles: CEO in Automobilwoche


FRANKFURT (Reuters) – Volkswagen’s (VOWG_p.DE) electric vehicle platform and battery procurement plans are being readied to handle production of 50 million vehicles, Chief Executive Herbert Diess told German trade publication Automobilwoche.

The electric vehicle platform has been “booked” for 50 million cars, Diess said, adding that battery procurement had also been readied to handle this amount.

“We have bought batteries for 50 million vehicles,” Automobilwoche on Monday quoted Diess as saying.

Volkswagen Group sold 10.7 million vehicles in 2017.

A VW spokesman said the number mentioned by Diess amounted to a theoretical long-term goal for the carmaker’s MEB electric car platform.

The Volkswagen Group’s current vehicle platform, named MQB, has spawned sales of 50 million mainly combustion engined vehicles over multiple brands and multiple years of sales, he said.

Volkswagen has earmarked 50 billion euros ($56 billion) for battery procurement, he reiterated.

($1 = 0.8873 euros)

Reporting by Edward Taylor; editing by Thomas Seythal and Maria Sheahan



Share This:



More News Articles


New SHOWCASE Directory Companies

 

Hazloc Heaters
Scovan Engineering
Dycat Solutions
Bedrock Automation