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

Green Car Congress

—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. The cross-brand architectures will enable high Group synergies to be utilized in the future.

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

Baua Electric

The German automobile giant expects its passenger vehicle sales in this year to grow just three per cent, sharply down from 2023. Volkswagen’s finance chief Arno Anlitz has revealed that the OEM’s deliveries to customers rose 12 per cent to 92.4 lakh units in 2023. It recently launched the Volkswagen ID.7

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