Volkswagen Plans for the Future
by Henry Floyd |
posted 22 May 2017
According to Volkswagen – "The future is electric.” To make sure that they are at the forefront of developing the technology, they have announced their "TOGETHER – Strategy 2025" program, conceived to set important milestones for realignment of the Group.
As Matthias Müller, CEO of Volkswagen AG announced at the Group's recent Annual General Meeting in Hanover, they “intend to be the No. 1 in e-mobility by 2025". Whilst the Group are focussing on this technology, they are continuing to develop their diesel and petrol engines, making them even more efficient and eco-friendly.
"In order to provide affordable, sustainable mobility on a large scale we will continue to deploy the complete spectrum of drive types: from conventional to fully electric", Müller said when outlining the Group's drivetrain strategy. The Group has invested some three billion Euros in alternative drive technologies over the past five years and will be tripling this amount in the course of the next five years.
The newly-established Center of Excellence in Salzgitter will bundle Group-wide competence in battery cells and modules. The Group’s aim is to be rolling out more than 10 new electrified models by the end of 2018, so that by 2025, there will be over 30 more BEVs.
Another central element of the program for the future is partnerships to develop new business opportunities or advance new technologies. According to Müller: "Part of becoming the ‘new’ Volkswagen involves opening up as a company. In recent months, we have forged many promising partnerships."
Internal Combustion Has its Place
According to Müller though, modern internal combustion engines are still part and parcel of the foreseeable future: "This applies also and especially to the Euro 6 diesel, despite the current heated debate."
In total, the Volkswagen Group will be investing around 10 billion Euros in these technologies by 2022. "124 years after it was invented,” said Müller, “the diesel engine still has plenty of potential. And we intend to exploit that potential. By 2020, we will have made our internal combustion engines between 10 and 15 percent more efficient, and therefore also cleaner. This will help protect the environment and conserve resources."
Notwithstanding the diesel crisis, Volkswagen is well prepared to face fundamental change in the automotive industry. "In the last fiscal year, we laid the foundations for the most extensive transformation in the history of Volkswagen. And we put up an operative performance that was much better than many people had thought possible," Müller said. "For 2017, it's now ‘full speed head'!"