Volkswagen CEO Believes It Will Overtake Tesla in EV Sales by 2025

Speaking with CNBC, VW CEO Herbert Diess stated that alleviating supply chain issues would create some momentum for the automaker to overtake Tesla in sales of electric vehicles within the next few years.

Vineeth Joel Patel2022-10-21 05:00 PT

Volkswagen’s Software Unit CARIAD Selects Innoviz as its Direct Lidar Supplier for the Automaker's Future Software-Defined Vehicles

​Lidar developer Innoviz Technologies Ltd, which is among one of the leading developers of the laser technology for advanced driver assist systems (ADAS) and autonomous driving, has landed a major supply deal with Volkswagen’s software unit CARIAD. The lidar sensors supplied by Innoviz will be a part of CARIAD's software-based vehicle architecture and operating system that will serve as the foundation for millions of Volkswagen’s future EVs.

Eric Walz2022-09-08 11:15 PT

EV Charging Provider Electrify America Raises $450 Million, Siemens to Become a Minority Shareholder

​Virginia-based electric vehicle charging provider Electrify America announced it has raised $450 million in new equity financing at a post money valuation of $2.45 billion. Industrial manufacturing company Siemens was among the participants in the new funding round, becoming the first-ever outside investor in Electrify America.

Eric Walz2022-08-04 10:15 PT

Microsoft Partners With Volkswagen To Test Its HoloLens 2 AR Headsets

The partnership between the two companies explores how augmented reality can be used in autonomous vehicles or current cars as a head-up display system.

Vineeth Joel Patel2022-06-14 17:00 PT

Supply of 2022 Audi, Porsche, Volkswagen EVs Sold Out

All of Volkswagen’s brands have run out of electric vehicles for the 2022 model year to sell in the U.S. and in Europe.

Vineeth Joel Patel2022-06-14 07:00 PT

Electrify America Opens One of its Largest U.S. EV Charging Stations in California

Volkswagen subsidiary and electric vehicle charging provider Electrify America has just opened one of its largest U.S. EV charging stations in Silicon Valley. The station, which is located at the Westfield Valley Fair shopping Mall in Santa Clara, Calif., features 14 ultra-fast chargers with solar-powered canopies.

FutureCar Staff 2021-12-17 15:10 PT

The 2021 Electric Volkswagen ID.4 Pro S Review: An EV for the Masses

The Volkswagen ID.4 may be the automaker’s first real attempt at an electric vehicle, but it might be its best product currently on sale and it matches the needs of nearly every EV shopper on the market.

Vineeth Joel Patel2021-10-26 08:00 PT

Volkswagen ID Life Concept is a Peek at an Affordable City Electric Car

The latest concept electric car from Volkswagen provides a preview of what will become the brand’s most affordable and smallest EV.

Vineeth Joel Patel2021-10-19 16:45 PT

Ford & Argo AI to Deploy Self-driving Vehicles on Lyft’s Ride-Hailing Network This Year

Lyft Inc customers in Florida might be picked up in a self-driving vehicle by the end of this year. Ford Motor Co and its autonomous driving partner Pittsburgh-based Argo AI plan to self-driving vehicles on Lyft’s ride-hailing network by the end of the year, Ford announced on Wednesday.

Eric Walz2021-08-27 08:45 PT

Sweden-based EV Battery Startup Northvolt, Founded by Former Tesla Execs, Raises $2.75 Billion in New Equity

Northvolt, a EV battery manufacturer founded by two former Tesla employees, announced the signing of a $2.75 billion private placement to finance further battery cell production capacity and R&D efforts to meet the increasing demand for EV batteries from customers, including automakers Volkswagen and BMW.

Eric Walz2021-07-18 09:45 PT

Electrify America Opens its 600th Ultra-Fast EV Charging Station in the U.S.

​Electric vehicle charging operator Electrify America has opened its 600th ultra-fast electric vehicle (EV) charging station in the continental U.S. and its now open to the public, the company announced on Thursday. The opening of the 600th station follows the completion of two cross-country and two coastal routes in 2020, providing EV drivers with more options for cross-country travel.

FutureCar Staff 2021-06-05 13:30 PT

Audi to Build Electric Vehicles in China in a New Joint Venture with Automaker FAW Group

​German automaker Audi is expanding its presence in China, which is the world’s biggest auto market. Audi announced on Monday a new company with Chinese automaker FAW Group for the future production of electric vehicles in Changchun in the northeast of China. The new joint venture company is named Audi-FAW.

FutureCar Staff 2021-02-24 15:30 PT

Volkswagen Aims to Be the World’s Biggest Producer of Electric Drivetrains, Production Begins in China

The Volkswagen Group’s Chinese components factory in Tianjin has started production of the APP 310 drive units designed for the automakers “MEB” electric vehicle platform, which will be the foundation of millions of electric vehicles the automaker plans to produce over the next decade.

Eric Walz2020-12-23 12:20 PT

California Self-driving Startup TuSimple Partners Volkswagen’s Truck Unit Traton Group to Develop Driverless Trucks

The Traton Group, which is the commercial truck division of German automaker Volkswagen, is partnering with California self-driving truck startup TuSimple on the development of Level 4 self-driving trucks for the European market. The collaboration is the first of its kind in Europe. As part of the partnership, the Traton Group will take a minority stake in TuSimple.

Eric Walz2020-10-30 10:55 PT

Volkswagen-backed EV Battery Maker QuantumScape to go Public at $3.3 Billion Valuation

Silicon Valley-based battery maker QuantumScape will become the latest company tuning to Wall Street to raise capital this year in a reverse merger deal with Kensington Capital Acquisition Corp.(NYSE: KCAC), a special purpose acquisition company (SPAC). The deal will result in Volkswagen-backed QuantumScape becoming a publicly listed company with an enterprise value of $3.3 billion.

Eric Walz2020-10-10 12:05 PT

Ford, Volkswagen Finalize Partnership to Build EV, Delivery Vans, and Pickup Truck

Additionally, the partnership will give Volkswagen an in with Argo AI, the autonomous vehicle startup based in Pittsburgh that is backed by Ford.

Vineeth Joel Patel2020-07-21 11:00 PT

Chinese Battery Maker CATL Says its Ready to Build a 1.2 Million Mile EV Battery with a 16 Year Lifespan

Chinese battery maker Contemporary Amperex Technology Limited (CATL), says it's ready to build an EV battery with an expected lifespan of 1.2 million miles or 16 years before its needs replacement, Bloomberg reported this week. In an interview at the company’s headquarters in Ningde, southeastern China, CATL Chairman Zeng Yuqun says that the company is ready to build it.

FutureCar Staff 2020-07-19 15:10 PT

Electrify America to Open its 400th EV Charging Station in the U.S. This Week

Electrify America announced it will open its 400th public EV charging station this week. The company has added more than 1,700 individual chargers over the past 20 months as part of its $2 billion, decade-long investment in EV charging infrastructure in the U.S.

Eric Walz2020-03-12 16:10 PT

Tesla Overtakes Volkswagen as the World’s Second Most Valuable Automaker

With the company's stock at record highs, electric automaker Tesla has overtaken Volkswagen to become the world's second most valuable automaker with a market cap topping the $100 billion mark on Wednesday.

FutureCar Staff 2020-02-29 10:50 PT

Volkswagen CEO Claims Shift to EVs Won’t Impact Margins

What’s the secret? High volume and a single platform that’s used on numerous vehicles are key to keeping costs in check.

Vineeth Joel Patel2019-11-27 04:00 PT