Volkswagen Group will be introducing more than “30 new pure electric vehicles” by 2025 while establishing a mobility solutions unit.
As the embattled automaker seeks to emerge from the diesel emissions-cheating scandal, CEO Matthias Mueller projects the more than 30 EVs are expected to account for up to one-quarter of its sales – two to three million pure-electric cars a year by 2025.
“Volkswagen has always enriched the lives of millions of people all over the world with its brands and products,” said Müller of “STrategy 2025” in Wolfsburg. “Our aspiration is to continue that success story and play a leading role in shaping auto-mobility for future generations, too. This will require us – following the serious setback as a result of the diesel issue – to learn from mistakes made, rectify shortcomings and establish a corporate culture that is open, value-driven and rooted in integrity.”
The company’s new outlook is a sweeping overhaul of its strategy, and WW Group will be bundling its components business, which is currently spread across 26 plants worldwide with 67,000 employees. Components will be realigned across all brands, which will give that division greater entrepreneurial freedom, Mueller said.
“We anticipate that this will improve transparency while boosting internal competition. It will also contribute substantially to future topics such as electro-mobility,” Mueller said.
VW is counting on EVs and mobility services as a pathway through the biggest crisis in its history. The automaker is accelerating efforts to adapt to the industry’s shift toward self-driving electric cars.
SEE ALSO: Volkswagen Building BMW i3 Competitor
Volkswagen plans to establish a mobility solutions business that will develop its own services as well as acquiring businesses in areas such as ride-hailing, robo-taxis, and carsharing. VW plans to generate billions of euros in revenue from the efforts by 2025, the company said. VW’s $300 million investment last month in ride-hailing app Gett was its first foothold in the field.
VW will be investing several billion euros in new autonomous mobility solutions, Mueller said. “We will develop the necessary expertise and are planning to hire around 1,000 additional software specialists, among other measures,” he said.
Playing a leading role in the automotive industry “will require us – following the serious setback as a result of the diesel issue – to learn from mistakes made,” Mueller said.