LYC 0.34% $5.93 lynas rare earths limited

News from VW: Motor sport with electric cars: VW does not want...

  1. 262 Posts.
    lightbulb Created with Sketch. 12
    News from VW: Motor sport with electric cars: VW does not want to let combustion engines drive in circles anymoreVW relies on its ID.R electric sports car and intends to develop further models based on its MEB and enter them into races.From Andreas WilkensNov25 2019
    In the future, Volkswagen will only be active in motorsport with electric cars. The Golf GTI TCR combustion engine for the race track, which will be produced until the end of this year, will not be replaced. Volkswagen also wants to "investigate and evaluate different disciplines, platforms and vehicle types," the company announced.ADVERTISINGinRead invented by TeadsVolkswagen's "technological pioneer" is to be the ID.R electric sports car. So far, the company has set records for the ID.R at Pikes Peak, on the Nürburgring, in Goodwood and on Mount Tianmen. Volkswagen intends to develop new motorsport concepts on the basis of the Modular Electric Drive System (MEB), on which numerous electric production vehicles will be based.Rolling laboratoryMotorsport serves as a "rolling laboratory for the development of future production cars, on the other hand as a convincing communication channel to get people even more enthusiastic about electric mobility," says Sven Smeets, Director of Volkswagen Motorsport, according to a press release.In motorsport, Volkswagen is thus continuing its strategy of increasingly relying on electric drive. Last week it was announced that the Group intended to spend almost 60 billion euros between 2020 and 2024 on e-mobility, hybrid drives and digitisation. This corresponds to more than 40 percent of all investments in property, plant and equipment and development. Around 33 billion euros are to be invested in electromobility alone.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.93
Change
-0.020(0.34%)
Mkt cap ! $5.542B
Open High Low Value Volume
$6.04 $6.04 $5.93 $23.75M 3.975M

Buyers (Bids)

No. Vol. Price($)
8 128544 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 12481 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.