Wednesday 27 September 2023
Volkswagen cuts EV output at German sites as demand craters
Volkswagen AG is curbing the production of electric vehicle models at two German plants due to declining European demand and shrinking government subsidies.
Friday 25 August 2023
Volkswagen purchases strategically important semiconductors directly from manufacturers
Carmaker Volkswagen has taken a new strategy to secure semiconductors. The company said it will purchase strategically important semiconductors directly from manufacturers. The move...
Tuesday 15 August 2023
TSMC's fab in Germany may only half address major concerns of European carmakers
TSMC has officially entered the European automotive supply chain with plans to establish a joint venture fab in Dresden, Germany, relieving European automakers' concerns about chip...
Thursday 10 August 2023
Hyundai Mobis receives extensive battery system assembly order from Volkswagen
Hyundai Mobis, a Hyundai Motor affiliate, has taken a step forward to diversify its customer base. The automotive parts supplier announced on August 9 that it has secured a large-scale...
Thursday 27 July 2023
VW-Xpeng deal is evidence of China's growing EV dominance
German auto giant Volkswagen AG's $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting...
Tuesday 25 July 2023
BYD widens lead over Volkswagen as China's top-selling car brand
BYD Co. extended its lead over Volkswagen AG as China's top-selling automaker, with its wide range of electric vehicles proving hugely popular among local buyers.
Friday 7 July 2023
Volkswagen to test autonomous driving program in Austin with Mobileye's technology
Europe's largest carmaker is developing self-driving expertise in the US. Volkswagen Group of America announced that it has started a pilot autonomous vehicle (AV) program in Austin,...
Tuesday 4 July 2023
Volkswagen increases capital investment by CNY800 million in China's charging network
Volkswagen has doubled down to grow its charging capability in the world's largest EV market. The automaker's China division announced on July 3 that it plans to increase capital...
Monday 19 June 2023
Tesla and Volkswagen reach milestone in respective battery technologies
Carmakers are scaling up their battery technologies to support the growing EV business. Tesla just announced the output of its 4680 battery cell had achieved 10 million at Gigafactory...
Friday 16 June 2023
Volkswagen brand targets EUR10 billion earning increase in 2026 under new performance program
Volkswagen Passenger Cars announced a performance program on June 14 that is expected to facilitate its electrification. The company aims to improve earnings by EUR10 billion (US$10.9...
Wednesday 14 June 2023
Cost reduction could be crucial to Volkswagen's restructuring
Numerous media outlets have reported that the Volkswagen Group of Germany could undergo its largest reorganization in a decade. In the impending reorganization, cost reduction would...
Wednesday 7 June 2023
VW's China JV transforming plant for electrification; GM showcases concept car for China
Volkswagen and General Motors are both accelerating electrification in China, the world's largest EV market. SAIC Volkswagen Automotive recently started upgrading one of its Shanghai...
Monday 22 May 2023
Major carmakers, unicorn startups trimming software manpower to cut costs
Global autonomous vehicle unicorn startups and major carmakers have been on track to lay off employees in the underperforming departments since the second quarter of the year, especially...
Monday 22 May 2023
Volkswagen-backed Gotion launches LMFP battery to achieve 1000 km driving range
China-based battery company Gotion High-tech introduced its L600 Astroinno battery cell and pack with LMFP materials on May 19. It claimed the product was the first non-NCM battery...
Thursday 18 May 2023
Volkswagen reportedly talks to Huawei about using its software in vehicles
To catch up in the world's largest EV market, Volkswagen has focused on software R&D. The European carmaker is reportedly in talks with tech company Huawei to use the latter's...