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Unavailable930: VW increases to $86 billion spending on EVs
Currently unavailable

930: VW increases to $86 billion spending on EVs

FromEV News Daily


Currently unavailable

930: VW increases to $86 billion spending on EVs

FromEV News Daily

ratings:
Length:
23 minutes
Released:
Nov 16, 2020
Format:
Podcast episode

Description

Wanna split £100? You get £50 free AND save money on 100% green electricity by moving to Octopus Energy. Plus I get £50 to support this podcast but ONLY if you do it by using my unique referral code. I moved to Octopus recently and had been putting it off for ages,  but I kicked myself for not doing it sooner, as it’s literally a 5 minute job to give them your details.   Click here: https://share.octopus.energy/free-puma-452   On today’s podcast: VW increases to $86 billion spending on EVs Daimler will shrink with shift to electric and autonomous cars FIA opens tender for WRC hybrid charging infrastructure Nissan Qashqai to receive e-Power hybrid drive Upcoming Electric Genesis eG80 To Get Wireless Charging Option BMW is Exporting its China-Made iX3 Electric SUV to 39 Countries UK expected to ban sale of new petrol and diesel car from 2030 Tesla announced its first European Gigafactory 1 year ago today Ford Might Start Making Its Own Batteries To Create More Jobs VW Trademarks Junglezz Name, Hints at Off-Road EV     Show #930   Good morning, good afternoon and good evening wherever you are in the world, welcome to EV News Daily. It’s Martyn Lee here and I go through every EV story so you don't have to.   Thank you to MYEV.com for helping make this show, they’ve built the first marketplace specifically for Electric Vehicles. It’s a totally free marketplace that simplifies the buying and selling process, and help you learn about EVs along the way too.   VW INCREASES TO $86 BILLION SPENDING ON EVS "Volkswagen Group is boosting spending on technologies for electric and self driving cars, while increasing production of EVs in its German home market. Investments in battery-powered vehicles, autonomous driving and related future technologies will rise to about 73 billion euros ($86 billion), or half the company's 150-billion euro budget through 2025, VW said in a statement." says Automotive News Europe: "That's up from 60 billion euros a year ago, or 40 percent of investments planned at the time. The investment is part of VW Group's new five-year planning cycle, approved by the supervisory board on Friday. The investment envisages production of about 26 million full-electric cars in Europe, China and the U.S. by 2030.  Under the plan presented on Friday, VW is doubling its planned spending on digitalization to 27 billion euros, as it seeks to develop a seamless, software-based vehicle operating system. This includes spending on the group's Car.Software organization launched earlier this year. The goal is to build a proprietary software stack, which will be deployed in Audi’s Artemis project to develop an advanced, self-driving electric vehicle by 2024. The company's own share in software will increase to 60 percent from 10 percent, VW said."   https://europe.autonews.com/automakers/vw-increases-spending-electric-self-driving-cars-86-billion   DAIMLER WILL SHRINK WITH SHIFT TO ELECTRIC AND AUTONOMOUS CARS "Daimler will be a smaller company five years from now, focused on capturing recurring revenues with software-based services as Mercedes-Benz seeks to redefine luxury in an era of electric self-driving cars, Chief Executive Ola Kaellenius said." according to Autoblog; "Jobs will disappear because it takes less time to build an electric car than a conventional gasoline or diesel version. That's because an electric car's battery and motor have only 200 components, compared with at least 1,400 parts found in a combustion engine and transmission, according to analysts at ING. The shift away from fossil fuel requires the carmaker to double down on efficiency so it can free up resources to build electric and self-driving cars, Kallenius said. Daimler also wants to offer customers new digital services so it can make money with new, recurring sources of revenue such as assisted driving functionalities and infotainment services when it unveils a new vehicle car operating system in 2024."   https://www.autoblog.com/2020/11/15/daimler-small
Released:
Nov 16, 2020
Format:
Podcast episode

Titles in the series (100)

A daily podcast about electric cars, hybrids and sustainable transport news.