Volkswagen is systematically and vigorously advancing its electromobility offensive in China
The Volkswagen Group is expanding its successful business relationships in the People’s Republic of China. As part of the 5th German-Chinese government consultations, the Volkswagen Group China signed letters of intent with a long-time joint-venture partner, the FAW Group, and with the China Intelligent and Connected Vehicles (Beijing) Research Institute Co. Ltd. (ICV). The agreements cover the areas of e-mobility, connectivity, mobility services and autonomous driving. A day earlier, the Volkswagen Group China joined the automakers JAC and SEAT in signing letters of intent in which the three underscored their commitment to e-mobility. The aim of the partnerships is to draw on the support of the Chinese partners and to systematically and vigorously fuel the company’s far-reaching electro-offensive and to apply new technologies.
Volkswagen Expands E-Mobility Engagement in China
Volkswagen Group China signed a Memorandum of Understanding with Anhui Jianghuai Automobile Group Corp., Ltd. (JAC) and SEAT in Berlin, in the presence of German Chancellor Angela Merkel and Chinese Premier Li Keqiang. The three groups will together establish a new R&D center with a focus on developing electric vehicles, connectivity and autonomous driving technologies, as well as a competitive platform for battery electric vehicles (BEV). SEAT brand will be introduced to China by 2020/2021. The move is a significant step in reinforcing Sino-German cooperation, as well as supporting Volkswagen Group China’s drive to be a leader in e-mobility.
Volkswagen Group China’s mega-factory in Foshan will strengthen e-mobility strategy in China
Through the completion of the Foshan Plant Phase II, the Foshan production site’s capacity will double from 300,000 to 600,000 cars annually. As the first SUV-model of the Volkswagen brand built by FAW-Volkswagen, the T-Roc successfully rolled off the line in April this year. Together with the Audi Q2L, which will also start production this year, it is a vital building block in the fast growing SUV segment.
Volkswagen defines new Group structure more precisely: brands assume responsibility for regions
The Volkswagen Group is pushing ahead with the structural realignment of its organization. In future, one lead brand will assume steering responsibility for a clearly defined region of the world across the Group. Dr. Herbert Diess, CEO of the Volkswagen Group, says: “We are distributing the responsibility across several shoulders. This means that it will be possible to take decisions in a significantly more decentralized way in the future and the Group Board of Management will be able to concentrate on overarching strategic topics. This way, we will make Volkswagen faster, slimmer and more efficient.”
Group CEO Diess in Israel: political talks and meetings with innovative start-ups
One of his first foreign trips in his new capacity as Chief Executive Officer of Volkswagen AG took Dr. Herbert Diess to Israel. In addition to meeting with Israel’s Prime Minister Benjamin Netanyahu, Diess visited the Yad Vashem Holocaust Memorial. This was followed by talks with representatives from Israel’s start-up scene and discussions with the CEOs of Gett and Mobileye on innovative mobility services and autonomous driving.
Future Mobility Day 2018
The mobility of the future is being created by consistent research and strategic development. The SEDRIC autonomous concept car, self-driving transport units for goods deliveries, learning assistance systems,augmented-reality technology for enhanced safety in road traffic, 3D printing procedures, the transformation of engine heat into electricity, vehicle sensors to measure air quality and innovative methods for developing batteries for electric vehicles are among the projects that Volkswagen Group Research is presenting at the Mobility Day 2018 and which will define mobile life in the future.
Special investigation into EUGT studies concluded
06/06/2018The comprehensive special investigation conducted by Volkswagen Group Audit concludes there was no non-compliant conduct nor were any infringements of relevance to labor law committed by Volkswagen Group employees with regard to studies commissioned by the now disbanded legally independent entity European Research Group on Environment and Health in the Transport Sector (EUGT).
MoDo is born: tomorrow’s mobility according to Volkswagen Group
25/05/2018Volkswagen Group Italia is launching MoDo (modo.volkswagengroup.it), a website that talks about the mobility of the future. News, stories and in-depth analyses to experience the great transformation that the Volkswagen Group is undergoing, a path that will lead it from being an automobile manufacturer to a provider of sustainable mobility as a whole. Not only: MoDo aims at shedding a light and giving answers to those who are wondering how we will move around in a not too far future.
Volkswagen Group Italia is Automotive Partner of the Opera Festival 2018 at the Arena of Verona
24/05/2018For the thirteenth year in a row the Italian subsidiary of the Volkswagen Group joins the prestigious lyrical festival.
Extensive revision of Volkswagen Group management structure decided
12/04/2018The Board of Management and Supervisory Board of Volkswagen Aktiengesellschaft have resolved to extensively revise the Group’s management structure. Volkswagen is thus systematically continuing to transform its business and establishing even more efficient Group management in a phase of highly dynamic change in the Company and the entire automotive industry. In order to sustainably implement the new structure, there will be a number of changes on the Board of Management. Matthias Müller steps down as Chairman of the Board of Management by mutual agreement, effective immediately. At its meeting on Thursday, the Supervisory Board appointed Dr. Herbert Diess as his successor.
Systematic implementation of the strategy is paying off – record earnings for the Volkswagen Group in 2017
23/02/2018The Volkswagen Group brought fiscal year 2017 to a successful conclusion, generating significantly higher sales revenue than in the year before. The Group also improved nearly all of its financial key performance indicators amid challenging conditions. Particularly the delivery record of 10.7 million vehicles lifted Group sales revenue by 6.2 percent year-on-year to EUR 230.7 billion. Special items attributable to the diesel issue once again reduced operating profit, which nevertheless rose by EUR 6.7 billion to EUR 13.8 billion. The Volkswagen Group expects to moderately exceed its latest record delivery figures in the current fiscal year.
Matthias Müller: We have launched the biggest change process in Volkswagen’s history
22/06/2016Matthias Müller, the CEO of Volkswagen Aktiengesellschaft, presented “TOGETHER – Strategy 2025”, the Company's vision for the next decade, to approximately 3,000 shareholders at the 56th Annual General Meeting in Hanover in Hall 3 of Messe Hannover.