Speaking at the car maker’s annual media conference in Berlin, CEO Matthias Müller said the Group had secured battery supply partners in Europe and China, and planned to expand assembly of zero-emission cars to 16 plants globally through the end of 2022.
Müller said VW – which owns 12 auto brands including Porsche, Audi, Bentley, Lamborghini, Seat, Skoda and Bugatti – would be launching a new electric car “virtually every month” starting in 2019.
This is expected to amount to around 80 new electric car and SUV models by 2025 – with a focus on VW, Porsche and Audi-badged cars. By 2030, Müller said that every one of VW’s 300 models would have an electric variant.
COB Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held
