Volkswagen Group starts battery cell development and production in Salzgitter
The Volkswagen Group is setting benchmarks in the development, testing and production of cutting-edge battery cell technology in Germany. In Salzgitter (Lower Saxony) alone, over 1,000 jobs are to be created by 2023/24 for testing and producing battery cells – 300 at Volkswagen’s development center and pilot line, 700 in a joint venture between Northvolt and Volkswagen to build and operate a battery cell factory. Over one billion euros is to be invested in the Volkswagen Group’s battery cell activities over the same period.
Volkswagen invests in climate protection projects to compensate for unavoidable CO2 emissions
The Volkswagen Group is now supporting climate protection projects, focusing initially on forest conservation and restoration, especially in the tropics. Projects are certified according to the highest international standards ‘Verified Carbon Standard’ (VCS) as well as ‘Climate Community and Biodiversity Standard’ (CCB) or "Gold Standard".
Volkswagen and Northvolt form joint venture for battery production
Volkswagen AG and Northvolt AB have created a 50/50 joint venture to build a factory for lithium-ion batteries. Construction of the production facility is scheduled to start in Salzgitter (Lower Saxony) in 2020. Start of production is planned for the end of 2023/beginning of 2024. The initial annual output is to be 16 GWh.
Volkswagen Group invests in leading technology company in the field of 3D holography
Volkswagen has acquired a minority stake in the leading technology company SeeReal Technologies. This participation will secure access for the Group to future-oriented augmented reality in the field of display technologies for the automobile. The research project will provide the Group with key know-how to make driving even safer and more convenient in the future.
As a global leader in the development, production and distribution of motor vehicles and mo-bility services, the Volkswagen Group endeavors to become a leading provider of sustainable mobility and a role model in environment.
We embrace the challenges of climate change and we are committed to the 2° target of the United Nations. We are keenly aware of the world-wide environmental and societal impact of our activities and products. To reduce our environ-mental footprint we use our global innovative capacity to address environmental challenges throughout all life cycle stages of our mobility offers.
Our mobility innovations will also help our customers reduce their environmental footprint while simultaneously securing our busi-ness competitiveness and employment.
Our leaders, at every level of the organization in all brands and majority shareholdings of the Volkswagen Group, are aware of the environmental risks of their business activities and will demonstrate, in words and in actions, their commitment to compliance and to environmental leadership. They are responsible for the implementation of this policy in their business units and for ensuring that all employees are informed, qualified and held accountable for their as-signed responsibilities. The Boards of Management at Group and at each entity will consider environmental leadership with equal weight to other business criteria in key company deci-sions.
We comply with legal and regulatory requirements as well as company standards and targets. We implement Environmental Compliance Management Systems to ensure that environmental compliance obligations are understood and achieved in our business operations. Environmen-tal fraud and misconduct will be treated as a severe compliance violation. Compliance with this Environmental Policy Statement and with Group environmental requirements will be annually evaluated and reported to the Boards of Management at Group and at each entity.
We follow a life-cycle approach to mitigate environmental risks and to optimize environmental opportunities such as the integration of renewable energy sources, decarbonisation, sustaina-ble supply chains and resource efficiency. We implement economically viable methods to re-duce our environmental impact across the life cycle of our operations, products and services. Our efforts are verified annually by public disclosure of key performance indicators.
We engage with our employees, regulators, customers, suppliers, communities, public authori-ties and other interested stakeholders to improve our understanding of environmental require-ments and expectations. Stakeholder input is considered and reflected in our Environmental Compliance Management System and in our operations, products and services. We commit to providing transparent and reliable information in our dialogue with and reporting to our stake-holders.
As part of our effort to continually improve, we implement internationally-recognized and third-party verified environmental management systems which integrate environmental re-quirements into our key business processes and decision-making. As well our environmental management systems themselves are subject to a process of continual improvement. We rely on our global network of subject matter experts to identify and transfer best practices in envi-ronmental technology and management. We stay at the forefront of emerging environmental developments in regulations, science, technology and stakeholder expectations to meet or ex-ceed our commitments.
Volkswagen Group Components supplies numerous components and parts for the production of the Volkswagen ID.3
12/07/2019Pre-series production of the ID.3 1 has already begun at the Volkswagen plant in Zwickau. The core components for electric cars are developed and produced for the new electric vehicles at the Volkswagen Group Components plants: the electric drive comes from Kassel, the Salzgitter plant supplies its colleagues in Hessen with rotors and stators. The Brunswick plant develops and produces the battery system, further sites deliver castings and other parts.
Ford – Volkswagen expand their global collaboration to advance autonomous driving, electrification and better serve customers
12/07/2019Ford Motor Company and Volkswagen AG announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to in-troduce autonomous vehicle technology in the U.S. and Europe – positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies.
Volkswagen with New Corporate Mission Statement Environment "goTOzero"
11/07/2019The Volkswagen Group is bundling all its measures in environmental protection under the new "goTOzero" environmental mission statement. Oliver Blume, Member of the Group Board of Management responsible for environmental protection, says: "With the new Group Environmental Policy, the Group is giving itself and its stakeholders a clear orientation. Our efforts to improve environmental protection cover the entire product cycle, from development, production and operation to the subsequent recycling of our vehicles and administration. We also involve our suppliers. Only together can we achieve our goals".
Mourning for Ferdinand Piëch
27/08/2019Volkswagen Group mourns its longtime CEO and Supervisory Board Chairman Prof. Dr. Ferdinand Piëch. On behalf of all 660,000 employees, the Supervisory Board and the Management Board express their sincere condolences to the family and pay tribute to Piëch’s great service to Volkswagen, the Group brands, and the development of the automobile as a whole.
Volkswagen plans 22 million electric vehicles in ten years
The Volkswagen Group is forging ahead with the fundamental change of system in individual mobility and systematically aligning with electric drives. The Group is planning to launch almost 70 new electric models in the next ten years – instead of the 50 previously planned. As a result, the projected number of vehicles to be built on the Group’s electric platforms in the next decade will increase from 15 million to 22 million. Expanding e-mobility is an important building block on the road to a CO2-neutral balance. Volkswagen has signed off a comprehensive decarbonization program aimed at achieving a fully CO2-neutral balance in all areas from fleet to production to administration by 2050. Volkswagen is thus fully committed to the Paris climate targets.
Volkswagen Group brings 2018 to successful close
12/03/2019The Volkswagen Group has brought the 2018 fiscal year to a successful conclusion. Based on sales revenue of EUR 235.8 billion – a rise of EUR 6.3 billion – the operating profit before special items of EUR 17.1 (17.0) billion was on a level with the previous year. At 7.3 percent (7.4 percent), the operating return on sales before special items was at the upper end of the target range set for 2018. The operating profit stood at EUR 13.9 (13.8) billion; as in the previous year, the figure was negatively impacted by special items of EUR 3.2 (3.2) billion in connection with the diesel issue. Net liquidity in the Automobile Division was again robust, at EUR 19.4 (22.4) billion. The Board of Management and the Supervisory Board propose an increase in dividend to EUR 4.80 (3.90) per ordinary share and EUR 4.86 (3.96) per preferred share.