Volkswagen Brand Raises Electric Car Production Target for 2025
December 27 2019 - 5:18AM
Dow Jones News
By Kim Richters
Volkswagen AG (VOW.XE) said Friday that its Volkswagen brand has
raised the 2025 target for the production of electric cars.
The German car maker is forecasting that it will have reached
its brand target of one million electric cars by the end of 2023,
which is two years earlier than planned.
The brand now expects 1.5 million electric cars to be produced
in 2025, Volkswagen said.
Volkswagen group said earlier this year that it was ramping up
its spending on electric and hybrid vehicles and digitalization,
with about 33 billion euros ($36.61 billion) of the total
investment for electric mobility.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
December 27, 2019 05:03 ET (10:03 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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