FREE GROUND SHIPPING

0

Your Cart is Empty

by Eva Fox November 18, 2019

On November 18, according to a recent Bloomberg report, despite a general recession in the global automotive market, the Volkswagen Group Supervisory Board reviewed and approved the new Five-Year Investment Plan (2020–2024) for its development in the field of electrification and digital technology. Costs increased from 44 billion euros to 60 billion euros.

This means that after Tesla announced that Gigafactory 4 will be built in Germany, the Volkswagen Group’s “five-year plan” budget increased almost by 36%!!!

Among them, the average annual expenses for engineering, electrification, mobile communications (including autonomous driving) and digitalization increased from the previously planned 8.8 billion euros to 12 billion euros.

Hans Dieter Pötch, chairman of Volkswagen, said in a statement: “We will strongly promote the transformation of the Volkswagen Group and focus on the future development of the automotive industry.”

Volkswagen has also just launched an “ambitious” long-term plan to launch 75  electric models and 60 hybrid models by 2029.

In terms of sales, the Volkswagen Group expects that by 2029,  20 million battery-powered cars will be built on the MEB platform, including Volkswagen, Audi, Skoda and SEAT. The remaining 6 million units will be based on the high-performance PPE electric platform, which is responsible for the Audi and Porsche luxury models.

In order to support the global supply of electric vehicles, in addition to the plant in Zwickau in eastern Germany, which has been producing clean electric vehicles since 2019, the Emden factory in northern Germany will be launched by 2022. In the commercial vehicle sector, Volkswagen will produce a modern version of the “Wagon Bus” at the factory in Hanover, I.D. BUZZ.

It’s not hard to guess that such drastic changes in the Volkswagen Group’s plan came about thanks to Tesla.


On November 13, Tesla CEO Elon Musk announced that Tesla would build Europe’s first full-size automobile factory on the outskirts of Berlin, which will launch the fourth production model of the Tesla - Model Y, as well as batteries and power systems. This means that Tesla will extend the "competition" in the field of electric vehicles to the domestic market in Germany, where Volkswagen is located.

In addition, on November 13, Tesla Gigafactory in Shanghai officially received a serial production license in China from the Ministry of Industry and Information Technology and officially launched the serial production of Model 3 made in China. China is the world's largest market for Volkswagen.

At the same time, in mid-October, the Volkswagen Group postponed plans to build a new automobile plant in Turkey due to the military operations of Turkey in northern Syria.

In the first half of this year, Tesla showed good results in the German market for new energy vehicles, relying on Model 3.

The presented graphs speak for themselves. Tesla's influence on the German market is growing.
We all must express our gratitude to Tesla. It is thanks to the fact that the company exists, develops and tirelessly follows its goal our planet has a chance for a clean future. We all understand that without Tesla’s influence, the German auto industry would not have invested so much in the development and production of electric vehicles.

 

Sales analysis data in charts based on Autotijd.be studies


Leave a comment

Comments will be approved before showing up.


Also in Tesmanian Blog

Motor magazine in Norway recognizes Tesla Model 3 as "Best Car Purchase of the Year"
Motor magazine in Norway recognizes Tesla Model 3 as "Best Car Purchase of the Year"

by Eva Fox December 06, 2019

Tesla Model 3 wins because it currently has no equal in the classic electric car class and charging characteristics. The car also has high characteristics of performance and is a high-tech vehicle. All this, of course, comes at a price. And this is where Tesla really outperforms its competitors. No one offers such electric vehicles at the same price like Tesla.
Read More
Tesla-Model-3-BYD
Tesla Takes BYD's Crown as the World's Biggest EV Maker, Hands Down

by Claribelle Deveza December 06, 2019

Tesla took BYD’s crown as the largest EV automaker in the world. Tesla’s lead over BYD in the EV market is well deserved, but may not be permanent. China has a big EV market, and how much Tesla can take from it will determine its future as a global electric car maker. 
Read More
TSLA-$500-Morgan-Stanley
Morgan Stanley Raises TSLA Bull Case to $500 Due to Expected Tesla Cybertruck Sales and Gigafactory 3 Production Volume

by Claribelle Deveza December 06, 2019

Morgan Stanely raised its TSLA (NASDAQ: TSLA) bull case to US$500 because of Elon Musk’s Cybertruck and Tesla’s Gigafactory 3 production volume. Despite its new optimistic outlook on TSLA shares, Morgan Stanely maintains a bear case of US$10 for the electric car maker and still believes Tesla stock is overvalued in general. 
Read More