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Volkswagen

Volkswagen to invest $5 bn in Rivian for joint EV venture

German automaker Volkswagen Group has announced plans to invest up to $5 billion in U.S. electric vehicle (EV) maker Rivian. This significant investment is...

Volkswagen Reports 3.3% Drop in EV Delivery in First-Quarter

Volkswagen has disclosed its first-quarter performance for 2024, revealing a 3.3 percent decline in the delivery of all-electric vehicles (BEVs), totaling 136,400 units. While Volkswagen...

Volkswagen reveals EV business success in Q1

Volkswagen informed that it has achieved 42 percent growth in the delivery of electric vehicles (EVs) to 141,000 in Q1 2023 vs 99,200 in...

Volkswagen and Canada to invest $15 bn for EV battery plant in Ontario

Volkswagen and Canada have pledged to invest more than C$20 billion ($14.8 billion) to build an EV battery plant in St. Thomas, Ontario, marking...

Volkswagen plans $193 bn investment to boost EV business

Volkswagen plans to invest 180 billion euros ($192.76 billion) during 2023-207 in areas including battery production and its North American operations. Volkswagen has a target of...

Volkswagen plans €460 mn investment in Wolfsburg factory for EVs

Volkswagen said it will make an initial investment of €460 million in the Wolfsburg factory for making electric vehicles -- by the beginning of...

Volkswagen to build 800,000 electric cars this year

Volkswagen is planning to build 800,000 electric cars this year and 1.3 million in 2023, the carmaker said on Thursday, as it works towards...

Volkswagen boosts electric car investment in Spain to $10.6 bn

German carmaker Volkswagen and partners will invest 10 billion euros ($10.6 billion) to make electric vehicles and batteries in Spain, its chief executive said...