the development of an all-new battery cell called "Unified Cell"* and has been promoting the introduction of BEVs on the assumption that BEV profitability will be equivalent to that of ICE vehicles. In August 2022, the company saw a shift from quantity to quality with the change of CEO from Herbert Diess to Oliver Blume, and at an investor briefing in June 2023, the company reviewed its platform strategy. PowerCo SE was established to develop bat...

Market & Tech Reports  Updated at: 2024/10/18

f the all-new battery cell called "Unified Cell"* and that BEV profitability will be on par with ICE vehicles. The plan to introduce five BEV models in 2022 and five models in 2023 has been moving forward. In August 2022, a shift from quantity to quality was seen with the replacement of CEO Herbert Diess by Oliver Blume. In June 2023, in a presentation to investors, the 14 brands were divided into 4 segments: "Core", "Progressive", "Luxury Sport"...

Market & Tech Reports  Updated at: 2023/11/01

nd software-related sales are predicted to reach EUR 1.2 trillion. It is a bold prediction that by 2030, a software market will be created that is more than half the size of the current automobile market. That's why VW predicts that the value of software in future cars will increase. Herbert Diess, former Chairman of the Board of Management Volkswagen AG, Germany, presenting the mid-term business strategy "NEW AUTO−Mobility for Generatio...

Market & Tech Reports  Updated at: 2023/08/10

solid-state battery is under development with QuantumScape Corporation of the U.S., and according to previous announcements, the company plans to start commercial production in 2024 and launch vehicles equipped with the battery from 2025.   In August 2022, it was announced that current CEO Herbert Diess would be replaced by Oliver Blume. This may lead to a rethinking of VW's rapid electrification strategy to date.   Stellantis   The company, w...

Market & Tech Reports  Updated at: 2022/11/11

announced on March 4 that its joint venture plant with Stellantis in Russia's Kaluga province is expected to cease operations. Exports of finished vehicles to Russia and Ukraine and shipments of parts to the Russian plant have already been halted. VW Group VW On March 15, Volkswagen CEO Herbert Diess stated in an annual conference that the company will be building additional capacities for wiring harnesses and shifting vehicle production to C...

Market & Tech Reports  Updated at: 2022/05/06

forms. Amnon seemed to allude that environment to EyeQ 6 High or EyeQ Ultra, although its EyeQ5-based past open platform has seen limited adoptions by OEMs (BMW and Nio) so far. Jim Farley even said, “we are betting on Mobileye for our future.”   In a pre-recorded video, Volkswagen CEO Herbert Diess discussed how their relationship with Mobileye started in 2016 and REM swarm data collection. Volkswagen Travel Assist 2.5 (available on ID4) wi...

Market & Tech Reports  Updated at: 2022/01/28

aking Indonesia 4.0" to revitalize manufacturing.   The Messe was politically supported by the German Federal Chancellor Dr. Angela Merkel and the Federal Minister for Economic Affairs and Energy, Peter Altmaier, as well as the President of the guest country Indonesia, Joko Widodo. VW-boss Herbert Diess, the new Siemens-boss Roland Busch, BDI-president Siegfried Russwurm and IT-safety expert Eugene Kaspersky attended the Messe as industry repres...

Market & Tech Reports  Updated at: 2021/05/20

rmation is something that is commonly kept proprietary or as the company’s secret sauce.   Recently, Nokia, the former phone market share #1 company, whose demise was mainly attributed to Apple iPhone’s success, was revisited by several industry veterans. Volkswagen’s Chief Executive Herbert Diess said the German carmaker needs to accelerate its transformation to avoid becoming another Nokia.   In an article titled “What Nokia Teaches U...

Market & Tech Reports  Updated at: 2020/11/13

he JETTA brand vehicles will be manufactured at FAW-VW's Chengdu Plant.   In recent years, VW has been rapidly expanding its lineup of SUVs in the Chinese market, and will release six new models by the end of 2018. In addition, VW has announced that it will introduce 12 models by 2020. Dr. Herbert Diess, CEO of the VW brand in China, announced that in 2019 VW Group China is going full-scale electric and will release 14 NEV models by the end of 2...

Market & Tech Reports  Updated at: 2019/05/13

ership between the two automakers ranged across a variety of possibilities, including Volkswagen’s use of Ford’s production facilities in the U.S., joint model development across various vehicle segments, and even a full merger between the two automakers.In November 2018, Volkswagen CEO Herbert Diess confirmed that Volkswagen would partner with Ford in developing commercial vehicles, which would include the development and integration of elec...

Market & Tech Reports  Updated at: 2018/12/19

roup after the diesel scandal, reorganized the company to regain consumers’ credibility and restore its performance above the levels prior to the diesel controversy. However, the Group’s Supervisory Board and major shareholders dismissed him due to inadequate drastic reforms, appointing Herbert Diess as his successor in April 2018. CEO Diess implemented a significant restructuring of the VW Group’s organization in July 2018. He consolidated...

Market & Tech Reports  Updated at: 2018/11/06

e plates in Shanghai, the Tesla Motors vehicles also became subject to the preference policy that exempts them from the license plate lottery in Hangzhou. BMW concentrates on the research and development of electrified vehicles and Internet of Vehicles (IoV) in China  BMW Group's director, Herbert Diess, is not only focusing on the China R&D business's research and development of new models but also on the development of electrified vehicles and...

Market & Tech Reports  Updated at: 2014/10/15