Volkswagen will release 50 million electric cars

Volkswagen will release 50 million electric cars

November 13, 2018 0 By autotimesnews

The company has prepared production facilities for a new strategy for the development of the electric line.

Volkswagen plans to make electric cars a massive and affordable product. According to the head of the German manufacturer Herbert Diss, the company has already reserved production capacity for building 50 million electric vehicles and has entered into contracts with battery suppliers: LG Chem, Samsung, CATL and SKI.

The basis of Volkswagen’s strategy for electric vehicles is cost cutting due to economies of scale and the use of the flexible MEB architecture. Diss cites the example of the next-generation electric Golf, whose production costs will be 40 percent lower. At the same time, it will have a more spacious interior and a power reserve doubled.

The scale of production of electric cars will set the lowest possible price. According to preliminary information, the cost of such a machine will not exceed 20,000 euros.

Earlier it was reported that by 2020, Volkswagen intends to sell 150 thousand electric cars. The volume of production of “green” cars should be about 550 thousand per year. In total, until 2022, the brands belonging to the Volkswagen group will present 27 models on the MEB platform. Investments in the modernization of production will amount to six billion euros.