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Consortium of Volkswagen Group, Attestor Limited and Pon Holdings B.V. to launch takeover offer for Europcar

The Volkswagen Group is taking a major step forward in its NEW AUTO strategy to become a leading provider of individual mobility in the electric and fully connected age. In a consortium with London-based asset manager Attestor Limited and Dutch mobility provider Pon Holdings B.V., Volkswagen agreed to launch a recommended takeover offer for Europcar Mobility Group (“Europcar”). Europcar is the leading mobility service and rental car company in Europe with over 3,500 stations across 140+ countries and a fleet of over 350,000 vehicles in 2019, serving over 5 million customers per year. The minimum acceptance threshold for the takeover offer is 67% and existing shareholders holding 68% in Europcar have committed to accept the takeover offer.

Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2020

The Annual General Meeting of Volkswagen Aktiengesellschaft took place today online for the second time due to the Covid-19 pandemic. The shareholders voted by a majority of 99.99 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay the same dividend as in the previous two years of 4.80 EUR per ordinary share and 4.86 EUR per preferred share for fiscal year 2020. As in fiscal years 2018 and 2019, approximately 2.4 billion EUR will therefore be distributed to shareholders. The resolution on the formal approval of the actions of the members of the Board of Management and the Supervisory Board who held office in 2020 was passed.

CEO Herbert Diess at the Annual General Meeting: “With NEW AUTO, we will reinvent Volkswagen”

The Volkswagen Group considers itself well equipped for a zero-emission and autonomous future of mobility. “With our NEW AUTO strategy, we will reinvent Volkswagen by 2030," said CEO Herbert Diess at the virtual Annual General Meeting of the Volkswagen Group. "The cars on our roads will be sustainable, safe, smart and ultimately autonomous within the next ten years. Individual mobility has a bright future. With our strong brands and global technology platforms, we have a clear plan to play a leading role in the new world of mobility, too.”

Annual General Meeting 2021

The 61st Annual General Meeting will be broadcasted live on Thursday, July 22th 2021, from 09:15am – 12:30pm CEST.

Volkswagen Group more than doubles deliveries of all-electric vehicles in first half year

The Volkswagen Group has continued its successful electric offensive in the first half of 2021. The following new BEV models were launched in this period: Volkswagen ID.4, Volkswagen ID.6, ŠKODA Enyaq iV, Audi Q4 e-tron, Audi Q4 Sportback e-tron, Audi e-tron GT and Porsche Taycan Cross Turismo. In total, 170,939 BEV models were delivered throughout the world up to the end of June, more than twice as many as in the prior-year period (+165.2 percent). After 59,948 BEV had been delivered to customers in the first quarter (+78.4 percent compared with the previous year), deliveries increased significantly, as planned, in the second quarter to 110,991 units (+259.7 percent compared with the previous year). In the course of the year, the BEV ramp-up will further accelerate thanks to the expanded model range. The Group has also consistently expanded its portfolio of PHEV models. This vehicle category benefits from considerable customer demand, too. In the first half of the year, a total of 171,300 PHEV were delivered, more than three times as many as in the prior-year period (+204.2 percent).

Volkswagen Group continues switch to low-emission logistics with LNG ships

Volkswagen is the first automaker to transport most of its new vehicles overseas using low-emission LNG ships (LNG – liquefied natural gas). After the first two LNG car carriers entered service in 2020, Volkswagen Group Logistics has now ordered four more ships with dual-fuel engines that can be powered with environmentally friendly liquid gas. They should be traveling the world’s oceans by the end of 2023, serving the North American route between Emden in Germany and Veracruz in Mexico. On the return trip, the LNG ships will transport new vehicles destined for Europe. Soon, six of the nine car carriers crossing the North Atlantic for Volkswagen will be powered by LNG.

NEW AUTO: Volkswagen Group set to unleash value in battery-electric autonomous mobility world

Volkswagen presented its plan for transforming the Group into a software-driven mobility company with a strong focus on its powerful brands and global technology platforms, providing synergies and scale as well as opening up new profit pools. “We set ourselves a strategic target to become global market leader in electric vehicles – and we are well on track. Now we are setting new parameters,” said CEO Herbert Diess during the presentation of NEW AUTO, the Group’s strategy through 2030. “Based on software, the next much more radical change is the transition towards much safer, smarter and finally autonomous cars. That means for us: Technology, speed and scale will matter more than today. The future of cars will be bright!”

Volkswagen Group and Gotion High-Tech team up to industrialize battery cell production in Germany

Volkswagen Group and Gotion High-Tech Co., Ltd. deepen their partnership. Based on a substantial shareholding agreement in May 2020, the Wolfsburg-based automobile company entered a strategic cooperation framework with the major Chinese battery producer headquartered at Hefei. The goals of both partners are to industrialize the planned battery cell production at the Salzgitter site of Volkswagen Group Components and to develop first use cases of the Volkswagen unified cell concept for the volume segment. Both projects are part of the overarching plan of Volkswagen Group ‒ outlined at the Power Day event in March ‒ to significantly reduce battery complexity and costs while boosting range and charging performance in order to make the electric car still more attractive.

Enel X and Volkswagen team up for electric mobility in Italy

Enel X, the Enel Group’s advanced energy solutions business line, and the leading auto manufacturer Volkswagen Group signed an agreement aimed at setting up a full function joint venture of equal partners to enhance the electric vehicle (EV) uptake in Italy (the “JV”). The JV will operate in Italy as Charging Point Operator (“CPO”) by investing in, deploying between 2021 and 2025, owning and operating a high power charging (HPC) network. The network will count on more than 3,000 charging points of up to 350 kW each across the national territory. The charging network will enable a comfortable ride with electric vehicles from North to South of the Peninsula.

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