As Northvolt, a Swedish battery manufacturer, has become a key partner of Volkswagen’s electric vehicle (EV) business and is emerging as a key business to assist the European Union become self-reliant on batteries, South Korea’s battery materials, parts, and equipment industry that is currently working with Northvolt is drawing interest.Although Northvolt is a fairly new… Continue reading Swedish Battery Manufacturer Northvolt Expanding Partnerships with South Korean Battery Materials, Parts, and Equipment Manufacturers
Tag: VW
@VW Group: Audi defies the corona crisis with a robust performance in the 2020 financial year002657
Even in 2020, a challenging business year, Audi vigorously drove ahead its transformation into a provider of sustainable and networked premium mobility. As a result of the pandemic, deliveries and sales revenue fell significantly in the first half-year. Thanks to a strong second half, including an excellent fourth quarter, sales revenue reached a total of… Continue reading @VW Group: Audi defies the corona crisis with a robust performance in the 2020 financial year002657
@VW Group: Automobili Lamborghini: Strong profitability and second-best year ever for turnover and sales002656
In a year of significant challenge such as 2020, marked by the spread of the pandemic worldwide, Automobili Lamborghini responded to the situation with great energy, flexibility and determination, recording positive commercial and financial performance. The most notable financial result is the achievement of the highest-ever profitability. Stephan Winkelmann, President & CEO of Automobili Lamborghini,… Continue reading @VW Group: Automobili Lamborghini: Strong profitability and second-best year ever for turnover and sales002656
@VW Group: Ducati proves to be a solid and profitable company with a positive cash flow even in a complex year like 2020002655
Ducati closes a challenging 2020 reinforcing the solidity that the Italian motorcycle manufacturer has demonstrated in the last years. Despite the complex global situation and the seven-week halt in production right at the peak period of the season, 48,042 (2019: 53,183) motorcycles were delivered to customers all over the world, limiting the sales gap compared… Continue reading @VW Group: Ducati proves to be a solid and profitable company with a positive cash flow even in a complex year like 2020002655
@VW Group: Sound financial results at Audi Hungaria002654
Thanks to the high production volume, Audi Hungaria wrapped up a challeging 2020 with stable financial results. In spite of the pandemic restrictions, our colleagues were able to produce 1,661,599 engines and 155,157 vehicles. In 2020 the company’s turnover was €7.518 billion. Audi Hungaria continued to invest last year, thus the cumulative investment has amounted… Continue reading @VW Group: Sound financial results at Audi Hungaria002654
@VW Group: Audi Report: annual and sustainability report now combined002653
For the 2020 fiscal year, AUDI AG is publishing its first combined annual and sustainability report. The company is convinced that business success is inextricably linked with assuming social and ecological responsibility. To document its performance in a transparent manner, as of this year Audi is combining its financial reporting with reporting on sustainable corporate… Continue reading @VW Group: Audi Report: annual and sustainability report now combined002653
Renault sees its electric, hybrid car sales doubling in 2021: sources
By Gilles Guillaume 3 Min Read PARIS (Reuters) – France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two sources close to the company said, as automakers battle to get ahead in cleaner driving. FILE PHOTO: A logo of Renault carmaker is pictured at a dealership… Continue reading Renault sees its electric, hybrid car sales doubling in 2021: sources
EV frenzy over Volkswagen shares draws regulator’s attention
By Danilo Masoni 2 Min Read (Reuters) – An outsized rally in Volkswagen shares has drawn the attention of Germany’s top market watchdog as heavy volume trading spurred by the carmaker’ electric vehicle ambitions set the stock for one of its best weeks ever. Slideshow ( 2 images ) Shares in Volkswagen rose as much… Continue reading EV frenzy over Volkswagen shares draws regulator’s attention
German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Bafin The financial supervisory authority routinely looks at the price rally, according to the Bafin. (Photo: Bloomberg) The latest price rally at Volkswagen calls the financial regulator on the plan. The Bafin routinely watch the movements, said a spokeswoman on Thursday. The papers of the Wolfsburg-based group had attracted attention in the past few days… Continue reading German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Why Japan’s carmaking heavyweights could be facing an electric shock
Japan’s traditional carmaking giants need to raise their game in the race to develop pure, battery-driven electric vehicles or risk being left behind by Chinese, American and European producers, analysts have warned. Despite dominating car production in Asia for decades, Japan’s big players have been slow to fully develop the battery-only technology that is now… Continue reading Why Japan’s carmaking heavyweights could be facing an electric shock