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Volkswagen faces mounting pressure from Tesla and BYD

Teslarati

The auto industry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the auto industry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”

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Volkswagen has ‘all the ingredients’ to succeed as the US shifts to EVs, but will it?

Baua Electric

Volkswagen’s CFO Arno Antlitz said Europe’s largest automaker has “all the ingredients” for success as the US auto industry shifts to electric. The company will build vehicles at its $2 billion facility in South Carolina. Despite this, VW is seeing reluctance for its EVs in Europe and potentially in the US as well.

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Volkswagen ID.Buzz & ID.7 to help VW gain 10% market share in the US [Feature]

Teslarati

VWCV has already announced plans to increase the production of the ID.Buzz , building 44,000 units in Hanover alone. The all-electric Scout SUV will be built in a new $2 billion factory in South Carolina. A long-range ID.Buzz is expected to launch in the United States next year. Volkswagen ID.7 7 The Volkswagen ID.7

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President Obama Announces 48 Projects to Receive $2.4B in Grants for Next-Generation of Batteries and Electric Vehicles; To be Combined with $2.4B in Industry Cost-Share

Green Car Congress

Industry officials expect that this $2.4 billion in cost-share from the award winners, will result directly in the creation tens of thousands of manufacturing jobs in the US battery and auto industries. Outfitting of a high-volume manufacturing facility to build DC Bus Capacitors for the electric drive vehicle industry.

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Biden quadruples tariffs on Chinese EVs, up from 25% to 100%

Baua Electric

Volvo believes strongly in the benefits of investing and contributing to the main markets in which it seeks to sell cars, reflected in our $1B South Carolina manufacturing plant where we are creating thousands of jobs building EVs for the US and world markets. This important SUV for us will be built in the USA for U.S.

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Report: EV factories may be leading utilities to dirtier decisions

Baua Electric

Anticipated demand from the auto industry—as well as solar-panel manufacturing and data centers—is leading utilities to forecast single-digit percentage growth every year through the end of the decade in some regions, according to report.

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