1304: 10 Dec 2021 | VW Increase EV Investment…Again! - a podcast by EV News Daily

Show #1304

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Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily for Friday 10th December. It’s Martyn Lee here and I go through every EV story so you don't have to.

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- Volkswagen (VOWG_p.DE) on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50% to 52 billion euros ($59 billion) by 2026 as part of the group's far-reaching transformation.

- The investment is part of Volkswagen's new revolving 5-year spending plan, which foresees total investments of 159 billion euros in the 2022-2026 period, compared with 150 billion for the 2021-2025 period.

Original Source : https://www.reuters.com/business/autos-transportation/volkswagen-ramps-up-e-mobility-spending-59-bln-by-2026-2021-12-09/

- VW Group's supervisory board presented its annual update to the company's five-year investment plan on Thursday, outlining investments of 159 billion euros ($180 billion), up from 150 billion euros last year, and electrifying more of VW's sites across Europe.

- "We are becoming a battery manufacturer, a charging infrastructure manager, software is playing a more dominant role ... we are developing new business activities with an unbelievable dimension for us," Diess said, adding the company expected to generate 20 billion euros of revenue by 2030 from its battery division alone.

- In a nod to worker representatives keen to keep a strong power base at home, VW confirmed a plan to add a new electric car factory near its global headquarters in Wolfsburg. The site will produce some 250,000 vehicles as part of the Trinity project.

- VW brand chief Ralf Brandstaetter will take over the group's China business from Diess on Aug. 1.

- Diess will add responsibility for the company's software unit Cariad

Original Source : https://europe.autonews.com/automakers/diess-keeps-job-vw-increases-ev-spending-catch-tesla

- Current Skoda boss Thomas Schäfer will switch over to head up Volkswagen next year as part of a major reshuffle of the Volkswagen Group management team.

- Schäfer only took over as Skoda chairman in August last year, having previously served as the head of the VW Group’s South African operation. He will take up his new role as Volkswagen’s chief operating officer from 1 April next year.

- While the moves announced by the supervisory board are significant, they are not as extensive as had been rumoured, including reports that Diess could be shifted from his post as chairman of the board.

Original Source : https://www.autocar.co.uk/car-news/business-finance-and-corporate/skoda-ceo-thomas-sch%C3%A4fer-become-volkswagen-boss

- Volkswagen anticipated today the name of another car based on the electric van: ID. California.

- Volkswagen said that Hanover would make the ID. California

- American websites are already betting on an electric campervan, the shape in which the original VW Bus made its fame in the U.S. in the 1960s and, more specifically, in California. It will not be as roomy as modern campervans, but the possible 4.94 meters (194.5 inches) of length will make it one of the biggest MEB products around.

- Apart from being produced in Hanover, the ID. California and the ID. BUZZ AD (whatever AD means) will also be made in Chattanooga starting in 2022. Volkswagen’s primary market for the electric van and its derivatives will be the U.S.

Original Source : https://www.autoevolution.com/news/volkswagen-will-have-an-id-california-electric-campervan-anyone-176166.html

- China is home to the world's largest automotive market, and as such, automakers are keen to have a plethora of new vehicles in the region available for buyers. Entering that market sometimes leads to unexpected new-vehicle reveals through China's Ministry of Industry and Information Technology, and that seems to be the case here with the new BMW i3 sedan.

- This looks like a tweaked BMW 3 Series and is nothing like the small i3 hatchback we currently know. Nevertheless, photos clearly show an i3 badge on the rear, along with eDrive 35L branding. What does all of this mean?

- China's MIIT website also lists some statistics including a power output of 250 kilowatts. That translates to 335 horsepower, and this car is also the long-wheelbase version so that likely explains the 35L nomenclature. As for eDrive, that almost certainly denotes this particular model as rear-wheel-drive only instead of all-wheel drive.

Original Source : https://www.motor1.com/news/553272/bmw-i3-sedan-reveal-china/

Original Source : https://www.pistonheads.com/news/ph-germancars/mercedes-beats-tesla-to-level-3-autonomy/45049

Original Source : https://www.electrive.com/2021/12/09/svolt-to-increase-battery-production-capacity-t0-600-gwh-by-2025/

Original Source : https://pushevs.com/2021/12/09/svolt-energy-aims-to-become-the-biggest-battery-cell-maker-by-2025/

Original Source : https://electriccarsreport.com/2021/12/2022-jeep-wrangler-now-only-available-as-plug-in-hybrid-in-europe/

FORD KUGA DIESEL MODELS AXED

 

Original Source : https://www.autoexpress.co.uk/ford/kuga/356849/ford-kuga-diesel-models-axed

Original Source : https://www.caranddriver.com/news/a38453459/tesla-model-s-plaid-top-speed-200-mph

Original Source : https://electrek.co/2021/12/09/tesla-system-prevent-gas-cars-iceing-superchargers-integrates-app

Original Source : https://www.teslarati.com/lucid-air-production-software-navigation-review-video/

Original Source : http://www.koreaherald.com/view.php?ud=20211209000645

Original Source : https://www.greencarreports.com/news/1134391_synthetic-gasoline-emits-just-as-much-pollution-as-regular-gas-tests-find

Original Source : https://www.cityam.com/gridserve-to-roll-out-biggest-ev-charging-upgrade-in-uk-history

Original Source : https://www.current-news.co.uk/news/gridserve-lays-claim-to-biggest-motorway-ev-charging-upgrade-in-uk-history

Original Source : https://thedriven.io/2021/12/09/tritium-plugs-into-dc-to-produce-new-ev-fast-chargers-that-will-reduce-costs

· Original Source : https://www.electrive.com/2021/12/09/hubject-dcs-launch-plugcharge-cooperation/

Original Source : https://www.current-news.co.uk/news/current-predicts-the-energy-transition-in-2022-part-two

Original Source : https://www.economist.com/leaders/2021/12/11/the-tricky-business-of-charging-electric-cars

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