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Volkswagen contributes to 25% overall EV delivery rise with over 120K ID.4/5 models sold so far this year


German automaking giant Volkswagen released its September deliveries report showing a 25% jump in EV deliveries through the first nine months of 2022. Despite ongoing supply chain constraints, consumers are buying VW’s electric models at a record pace as the automaker’s EV sales share climbs to a new high of 6% in September.

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VW CFO says it’s well-positioned for EV transition after Porsche listing, will a PowerCo IPO be next?


After the historic public listing of Volkswagen’s sports performance brand, Porsche, the automaker’s chief financial officer (CFO), Arno Antiliz, says VW is ready and well funded to execute its EV strategy. He also mentions the possibility of listing its battery unit, PowerCo, to free up even more funds and accelerate battery cell development.

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VW breaks ground on new battery factory, will invest €20b into “PowerCo” spinoff

volkswagen salzgitter battery factory

VW has announced another big battery investment, this time committing €20 billion to battery production through 2030 with a new battery production spinoff named “PowerCo.”

The announcement was made at the groundbreaking ceremony for its new battery factory in Salzgitter, Germany, the first of six plants in Europe as unveiled at VW’s “Power Day” event last March.

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VW wants to resurrect Scout as a Rivian-like off-road EV brand

vw scout all-electric EV off-road brand rivian competitor

VW’s advisory board is expected to approve a proposal tomorrow to spin off a new EV company centered around off-road vehicles, as reported by the Wall Street Journal and TechCrunch.

The company will resurrect the classic nameplate from the International Harvester Scout, a Jeep-like off-road vehicle from the ’60s and ’70s, and fill a similar niche as the Rivian R1T as an electric competitor to off-road enthusiast trucks like the Ford Raptor, Jeep Gladiator, and the like, but at a lower price point than the Rivian.

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VW CEO Diess disagrees with Tesla CEO Elon Musk, saying L3 autonomy requires Lidar (plus VW EV Pickup, summer OTA, and more)

Diess Musk

In a wide-ranging AMA on Reddit today, VW CEO Herbert Diess provided answers to a ton of questions from the Reddit community, some of which were news to us. Importantly, he clarified Volkswagen’s position on Autonomy and ID.4 charging update timelines while waxing eloquent on a low-price VW EV and everyone’s favorite, the Microbus.

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