Volkswagen to invest over 20 billion euros to boost e-car production


Volkswagen's controlling Porsche and Piech families are against selling any of the company's assets, the clan's most senior member said on Tuesday. "The transformation of our industry is unstoppable and we will lead it by redefining mobility to be cleaner and better".

The Volkswagen Group will launch 80 new electrified models between its brands by 2025 - and will offer an electrified version of every model the company sells by 2030.

But this is just the start, as VW says it is researching solid state battery technology with the potential to reach 1,000 miles per charge, an unprecedented figure in the electric auto industry, but one VW says could be possible by 2030. As a part of their ambitions to trailblaze as more and more manufacturers make the commitment to electric, Volkswagen plan on creating as many as three million e-cars each year.

Doing that is going to require plenty of batteries.

The total investment amount also includes a Dollars 60 billion dedicated towards building four battery factories, he said according to The Verge. Volkswagen claims an all-electric range of 310 miles. The I.D. Crozz II will likely unveil a production model after the first two. But that scandal certainly accelerated plans for a group-wide Modular Electric Toolkit-known as the MEB platform. CROZZ is a crossover of an SUV and a four-door coupé, which has been further improved towards a production implementation.

Frankfurt auto show Diesels improve but will people buy
Volkswagen to invest over 20 billion euros to boost e-car production

"We have got the message and we will deliver". The former is roughly Golf-sized and will compete with the Chevy Bolt and Tesla Model 3. The driver can let the vehicle take over the reins in I.D. Pilot autonomous driving mode, which can be activated or deactivated by voice commands. It will have a range of 500 kilometers using the wildly optimistic NEDC.

Automakers will be eager to show off technologies that can help people get around without owning a vehicle.

Meanwhile, Daimler CEO Dieter Zetsche on Monday said the German carmaker will spend 10 billion euros over the next 10 years for gasoline-powered vehicles.

On the other hand, Daimler on the same day showcased an autonomous concept vehicle of EQ, a Mercedes-Benz electric-car brand. I don't know if the levitating gnome will survive the focus groups, though. During Auto Shanghai, where it was first introduced, the I.D. Crozz still looked completely like a concept vehicle. Video shot and edited by Jennifer Hahn.

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