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Porsche IPO for VW Group’s EV push gains traction

Teslarati

On February 24, 2022, Porsche Automobil Holding SE (Porsche SE) and Volkswagen agreed to “further examine and generally support the feasibility” of a potential Porsche IPO. The possible IPO of Porsche AG would generate funds to help Volkswagen AG increase electric vehicle production and digitalization. . “We

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Bcomp closes US$35M Series B with mobility and impact venture capital

Green Car Congress

Bcomp, a leading manufacturer of high-performance components made from natural fibers, has closed its oversubscribed Series B financing round of CHF 32.4 Porsche AG worked alongside the Bcomp team to develop the first natural fiber composite motorsport door in 2019, with the project being listed as a finalist in the JEC Innovation Awards.

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Audi increases upfront expenditure for electric mobility; €12B by 2024

Green Car Congress

At around €12 billion, we will spend more than ever before on electric mobility by 2024. —Alexander Seitz, Board of Management Member for Finance, China and Legal Affairs at Audi AG. “. By 2025, the Audi Group intends to have more than 30 electrified models in its product range, 20 of which will be fully electric.

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Volkswagen AG to launch 30 new cars globally in 2024 to battle slowdown hurdle

Baua Electric

Volkswagen’s finance chief Arno Anlitz has revealed that the OEM’s deliveries to customers rose 12 per cent to 92.4 Watch: Volkswagen Virtus: First Drive Review In order to boost its sales in the coming months, Volkswagen is betting big on new models including fully electric vehicles. lakh units in 2023.

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Volkswagen boosts Project Trinity budget to electrify its European production plants

Teslarati

Volkswagen intends to have eight manufacturing facilities in Europe that are completely catered to the company’s transition to electric vehicles across its many brands, including Audi, Porsche, and the Volkswagen ID. Our exceedingly robust and solid financial base, enables us to finance the necessary investments on our own.

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Audi targeting sales of 800,000 BEVs and PHEVs in 2025

Green Car Congress

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. Also in electric mobility, we want to become the Number 1 among the premium manufacturers—with full suitability for everyday use, no compromises, top quality and driving pleasure for the customer.

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FedEx and VW EV Plans, Second GM Battery Factory – EV Week in Review: Mar 2 – Mar 8

EV Adoption

The announcement is specifically for VW-branded vehicles and does not apply to other brands in the VW portfolio (Audi, Porsche, SEAT, Bentley, etc.). “Now the federal government is in a position to look at all electric transportation with that same lens.” ” – March 7, Business Insider via Yahoo Finance.

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