All Press Releases
This is an overview of press releases of the Volkswagen Group. To stay informed, users can subscribe to the press releases of Volkswagen Group via e-mail service.
Press Release
Volkswagen increases stake in QuantumScape
The Volkswagen Group is increasing its stake in QuantumScape and making an additional investment of up to US$200 million in the US battery specialist. The goal is to drive forward the joint development of solid-state battery technology. In future, solid-state batteries are expected to significantly increase range and shorten charging times further. “We are making technological progress with our partner QuantumScape. The additional investment will effectively strengthen and accelerate our joint development work”, said Thomas Schmall, Chairman of the Board of Management of Volkswagen Group Components, which has end-to-end responsibility for batteries. The Volkswagen Group and QuantumScape have also been collaborating in a joint venture to enable industrial-level production of solid-state batteries since 2018.
Press Release
Volkswagen takes action in response to criticism of social media clip
In response to the rightly criticized Internet clip to promote the Golf 8, the company has decided to take a number of actions. This is to ensure that the production and publication of inappropriate content will be prevented in future.
Press Release
Ford, Volkswagen Sign Agreements for Joint Projects On Commercial Vehicles, Electrification, Autonomous Driving
Ford Motor Company and Volkswagen AG today signed agreements that expand their global alliance to meet rapidly evolving needs of their respective customers in Europe and other regions by leveraging complementary strengths in midsize pickup trucks and com-mercial and electric vehicles.
Press Release
Supervisory Board accepts apology of Dr. Herbert Diess
At yesterday’s Supervisory Board meeting, which focused on personnel matters, the Su-pervisory Board and Dr. Herbert Diess also discussed statements of Dr. Diess at an internal event. Dr. Diess formally apologised for these statements towards the members of the Supervisory Board, declaring that these statements were inappropriate and wrong. The members of the Supervisory Board accepted the apology of Dr. Diess, and will continue to support him in his work.
Press Release
Volkswagen intensifies e-mobility activities in China
Today, Volkswagen has initiated the next chapter for its business in China. Volkswagen plans to increase its share in JAC Volkswagen, its joint venture for e-mobility. Around €1 billion is to be invested. This amount includes the acquisition of 50 percent of JAG, the parent company of the Volkswagen partner JAC, and an increase in the stake in JAC Volkswagen from 50 to 75 percent. By gaining management control, Volkswagen is paving the way for more electric models and infrastructure. Furthermore, Volkswagen will acquire a 26 percent stake in battery manufacturer Gotion High-Tech Co., Ltd. for around €1 billion, becoming the company’s largest shareholder.
Press Release
Landmark in Volkswagen-Ford global alliance
Landmark in Volkswagen-Ford global alliance: The Volkswagen AG Supervisory Board ap-proved further contracts under the cooperation with Ford Motor Company announced last year. The next milestones in the vehicle projects are anticipated to be implemented in near the future with the signatures of both companies. Three projects in the areas of elec-trification and commercial vehicles are planned to be realized as a first step. The Volkswagen-Ford global alliance – which does not involve cross-ownership between the companies – is expected to create annual efficiencies for each company.
Press Release
Volkswagen Group Components presents the SPEED+ Awards
Today, for the third consecutive year, Volkswagen Group Components awarded the Speed+ Award to its best performing plants. Thomas Schmall, CEO of Volkswagen Group Components, presented the coveted awards from the international and cross-brand competition for efficiency for the first time in an online event. The nominated plants from sites around the world tuned into the live event; thousands of employees followed the announcement of the winners by webcast. The component plants of the Audi, SEAT and ŠKODA brands also took part in the competition for the first time. The Tianjin components plant in China was the big winner this year, scooping three gold awards.
Press Release
JETTA successfully offers entry-level individual mobility in China
JETTA, Volkswagen’s sub brand in China, continues to be a well-received option for buyers in China seeking to own a car for the first time. In April, JETTA delivered 13,500 cars to customers. This equals roughly one percent of the world’s largest automotive market, a development made possible by one of the best brand starts in Chinese history. From
January to April, around 38,000 of the brand’s cars were sold.
Press Release
Volkswagen is publishing reports about a special audit of the Environmental Management Systems
Today Volkswagen is publishing the third and final series of reports from an Environmental Management System special audit, conducted in 2019, which is required by the U.S. Department of Justice and California Third Partial Consent Decrees (“Consent Decrees”) entered into by Volkswagen in 2017.
Press Release
Volkswagen invests in battery operations at Salzgitter
The joint venture between Volkswagen Group and the Swedish battery producer Northvolt AB is gaining further momentum. It has been decided that Volkswagen itself will erect the buildings and infrastructure for the joint venture’s “Northvolt Zwei” factory that is to produce lithium-ion battery cells, in order to leverage synergies at the Salzgitter site – based on the existing Center of Excellence for Battery Cells. Some €450 million is to be invested in this project. The joint venture will then rent the factory space. Battery cell production at the plant is scheduled to commence in early 2024 with an initial production capacity of 16 gigawatt hours.