North American Worldwide Auto Show

Based on a substantial shareholding agreement in May 2020, the Wolfsburg-based car firm entered a strategic cooperation framework with the main Chinese battery producer headquartered at Hefei. [newline]The targets of each partners are to industrialize the planned battery cell production on the Salzgitter site of Volkswagen Group Components and to develop first use circumstances of the Volkswagen unified cell concept for the quantity segment. China, where Volkswagen Group is starting as long-standing market leader with high profitability, is anticipated to play a crucial position for the success of the Group’s NEW AUTO technique. The Group may also proceed to expand its operations with local abilities and capabilities. Already today, round 1,000 software program engineers are working for CARIAD in China. In the coming years, one platform is supposed to combine all mobility offerings from the Group and its manufacturers, permitting Volkswagen to capture a significant market share and extra income …