Volkswagen lately printed its third quarter gross sales volumes and revenues and reported that its electrical car (EV) deliveries have elevated by 45% from January to September 2023.
VW delivered 531,500 EVs within the first 9 months of the yr, making up 7.9% of deliveries. Within the third quarter, 9.0% of Volkswagen’s deliveries have been electrical automobiles. The German automaker goals to have electrical automobiles make up 8% to 10% of complete deliveries yearly.
“From January to September, Europe remained the primary BEV development driver, with a rise of 61 p.c to 341,100 automobiles. Within the U.S., BEV deliveries rose by 74 p.c to 50,300 models, and in China, they exceeded the earlier yr’s stage with a rise of 4 p.c to 117,100 models,” reported Volkswagen.
Volkswagen’s Battery Electrical EV Portfolio
The German automaker simply opened the order banks for the all-electric ID.7, which was already voted “German Automotive of the 12 months 2024. Volkswagen additionally launched pre-sales for the upgraded ID.4 and ID.5 electrical fashions.
Volkswagen’s Ionway Joint Enterprise
VW additionally introduced extra particulars about Ionway—a three way partnership between Volkswagen’s battery maker PowerCo and Belgian supplies firm Umicore. PowerCo and Umicore introduced the situation of their cathode materials manufacturing plant in Nysa, Poland.
The three way partnership goals to provide cathode and precursor supplies for battery electrical car (BEV) manufacturing at an annual capability of 160 GWh. PowerCo and Umicore’s plant will produce sufficient supplies to help the manufacturing of two.2 million BEVs. The NYSA plant will produce cathode supplies for PowerCo’s cell manufacturing facility in Salzgitter. It’s anticipated to start out manufacturing by 2025.
Volkswagen reported an working revenue lower of seven% to €16.2 billion with an working return on gross sales of 6.9%. It additionally reported a web money circulation of €4.9 billion within the first 9 months of 2023, with a complete of €2.5 billion within the third quarter alone.