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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!”

Find out more about the “NEW AUTO” Group strategy

Speech Dr. Herbert Diess

Value Creation - Presentation Arno Antlitz

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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, 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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Highlight film Group Strategy NEW AUTO

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