The German car group will rely on in-house battery manufacturing and economies of scale to make a profit.
“Now we can do a lot in terms of economies of scale,” Antlitz said. “Within our volume brand group, we’re producing four vehicles along with Cupra and Skoda. That volume will help us to bring prices down to be competitive and also still make money.”its own battery packs and is manufacturing them in-house
at a factory in Valencia, Spain, which will greatly contribute to the automotive giant’s chances of returning a profit from the upcoming affordable electric models. "There's a lot of innovations coming in the technical side. This car will have the first in-house battery cells from our Valencia plant. We're just ramping up; we will have much more scale by then,” VW Group’s CFO said.
It will be interesting to see how the German group’s offerings will compete with EVs from rival brands Renault andAs always, we’d like to know what you think about this, so head over to the comments section to give us your thoughts.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Most US Dealers Don't Have Any EVs & Almost Half Refuse To Sell EVs: ReportA Sierra Club report looks at the EV shopping experience in the US, and it appears it's far from positive. However, at least there's some hope in the findings.
Read more »
Volkswagen Group ‘quite confident’ it can deliver £22k electric cars | AutocarThe Volkswagen Group is “quite confident' that it can deliver €25,000 (£22,000) electric cars from the Skoda and Volkswagen brands
Read more »
Official: MG Cyberster revealed ahead of UK arrival in 2024 | AutocarThe MG Cyberster is officially being revealed tomorrow 👀 Here's everything you need to know about MG's first electric roadster
Read more »
Ford's new muscle truck, Ranger Raptor, made possible by EVsFord Motor Co on Wednesday unveiled the latest addition to its muscle truck franchise - a Ranger Raptor midsize pickup with a 405-horsepower engine and a suspension designed for racing across the desert, made possible in part by Ford's electric vehicles.
Read more »
Defective Driveshafts Put 1,790 Genesis GV60 EVs In The U.S. At Risk | CarscoopsGenesis is aware of incidents of rear driveshafts fracturing in GV60s delivered in Korea and the UK car auto cars
Read more »
EVs Shock the Gayndah Orange Festival - CleanTechnicaThe number of electric vehicles that showed up for the Gayndah Orange Festival parade shocked locals and organisers alike.
Read more »