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VW Group: Partnership with Rivian and XPeng for SDV Development
Production capacity cut by 734,000 units and 35,000 jobs cut in Germany
2025/02/10
- Summary
- BEV architecture mid-term strategy
- E/E architecture and software; Partnership with Rivian and X Peng
- Chinese business: Intelligent Connected Vehicles (ICV)
- Restructuring of plants in Germany: Production capacity reduction of 734,000 units, employment reduction of 35,000 employees
- Jan-Sep 2024 results: Pre-tax and after-tax income down 30%
- GlobalData Sales Forecast: VW Group's sales will be 8.72 million units in 2028
Summary
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| The ID. UNYX, an E-SUV coupe for the Chinese market that VW unveiled in July 2024 (Source: VW Investor Relations Roadshow Presentation (2024.11.20)) |
In November 2024, Volkswagen AG (VW) and Rivian Automotive, Inc. (Rivian), an emerging U.S. EV manufacturer, established a joint venture company, Rivian and VW Group Technology, LLC. VW will invest USD 5.8 billion to support Rivian for the development of the electrical architecture and software for the next generation of SDVs (Software Defined Vehicles). The company also announced plans for its E/E (Electrical/Electronic) architecture to be introduced in the second half of the 2020s and corresponding software.
In April 2024, VW Group announced its strategy for transforming its China business, aiming for sales of 4 million vehicles and equity-method profit of EUR 3 billion by 2030. VW also announced that it will develop the China Electrical Architecture (CEA) for installation in Intelligent Connected Vehicles (ICV) for China in collaboration with emerging EV manufacturer Guangzhou Xiaopeng Motors Technology Co., Ltd. (XPeng).
In early September 2024, Volkswagen's management presented a restructuring plan to the IG Metall trade union that included the closure of three plants in Germany, and in early December the trade union went on a timed strike. Although the closure of the domestic plants in Germany was not decided, the agreement was concluded with conditions including a reduction in production capacity of 734,000 units and elimination of 35,000 employees.
Related reports:
CES 2025: Honda, BMW, Scout Motors concepts（Feb.2025）
Chinese Market Q4 2024（Jan.2025）
Transformation of the European Automotive Industry（Aug.2024）
Auto China 2024: German OEMs（May.2024）
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