CEO of German car giant Volkswagen On Thursday, he sought to alleviate concerns about electric vehicle sales and semiconductor supply, and predicted that EV delivery times would be shorter as the year progressed.
“The outlook is very good. [a] Herbert Diess told CNBC’s Annette Weissbach on Thursday.
Supply chain constraints, including those related to semiconductors, have proven to be a major challenge for modern automakers.
“We are trying to shorten the delivery time, but we are increasing production because the lead time is currently about one year … Currently, five assembly plants are starting production.”
ID. A topic taken at a factory in Hannover, Germany on June 16, 2022. Supply chain constraints, including those related to semiconductors, have become a major challenge for automakers these days.
Olespata | Picture Alliance | Getty Images
Volkswagen shares rose 5% during the afternoon trading in London. Shares listed on Frankfurt have fallen by more than 28% so far.
“We expect an increase later this year as we will be able to significantly reduce EV delivery times,” he added. “There is high demand not only in Europe but also in the United States.”
Mr. Dies said semiconductors are still a bottleneck, but this is likely to change soon. “There will be mitigation in the coming weeks,” he said.
Dís’s comment came the same day his company started construction of a cell factory in Salzgitter, Germany, and launched a battery company called PowerCo. In a statement, PowerCo said it was “responsible for the Volkswagen Group’s global battery activities.”
By 2030, PowerCo will “invest more than € 20 billion,” he added. [$20.4 billion] Working with partners in the development of business areas, it will generate annual sales of over € 20 billion and employ up to 20,000 people in Europe alone. “
By 2030, VW says it wants at least 70% of Europe’s income to come from electric vehicles. In China and North America, the target is at least 50% of revenue from EVs.
Earlier this year, VW Announced plans to reopen the iconic scout brand As a fully electric pickup and a “rugged” SUV, the prototype will be announced in 2023 and production will begin in 2026.
The company is also focusing on vehicle development Fully electric ID buzz, etc. It is inspired by the T1 minibus or “hippie” van.