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03/13/18
Wolfsburg/Berlin
Volkswagen Group News

Volkswagen Group to expand production of electric vehicles worldwide on a massive scale

Volkswagen AG Annual Media Conference 2018
  • "Roadmap E" is picking up speed: 16 production sites for electric vehicles by the end of 2022
  • Future partnerships with battery manufacturers agreed for Europe and China
  • CEO Matthias Müller: "Things are really moving. A change of course for the Volkswagen supertanker – full speed ahead to the future!"
  • Fiscal year 2017: record earnings despite billions in cash outflows from the diesel crisis
  • CFO Frank Witter: "The results of the year 2017 demonstrate, we are actively shaping the transformation of our company. And we will not cease in our efforts in 2018."

The Volkswagen Group is driving forward with the transformation to e-mobility. 16 locations around the globe are to produce battery powered vehicles by the end of 2022. This was announced by Matthias Müller, CEO of Volkswagen AG, at the Group's Annual Media Conference in Berlin. The Group currently produces electric vehicles at three locations, and in two years' time a further nine Group plants are scheduled to be equipped for this purpose. To ensure adequate battery capacity for the massive expansion of environmentally-friendly electric mobility, partnerships with battery manufacturers for Europe and China have already been agreed. The contracts already awarded have a total volume of around EUR 20 billion. A supplier decision for North America will be taken shortly.

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