VW shares give way: Volkswagen wants to continue gaining market share in 2021 regardless of the Corona dent – small electric car planned | 11/27/20


Volkswagen will also include an affordable small car in its new range of all-electric cars.

The vehicle is planned for the next major expansion stage from 2023, should be located below the recently launched ID.3 and the basic version is estimated to cost around 20,000 euros. A separate project team is working on the battery-electric model, which should be about the size of a Polo, according to corporate planning. In 2021, the chances are good to increase the market share of the core brand regardless of the Corona crisis.

A possible ID.2 would be the step expected by industry observers from Volkswagen to expand the e-offer downwards. The ID.3 compact car, which has been sold since September, will be followed by the ID.4 small SUV around the turn of the year. After that, the ID.5 – a mixture of SUV and sedan with a range of up to 470 kilometers – and the larger ID.6 continue the series. The electric ID.Buzz bus will be launched in 2022. In 2023, the Aero B luxury car will be added, which is expected to travel up to 700 kilometers when fully charged.

The basis of the cars is the electrical construction kit MEB, with which Volkswagen a uniform technical basis for e-mobility and digitalization also wants to create for other group subsidiaries. In the meantime, these platforms are being designed jointly across brands, including with Skoda. This should significantly save costs and promote the exchange of experience in order to better coordinate software and control systems. The new Golf 8 or ID.3 had startup problems here.

In the period from 2023 to 2026, the core brand of the VW Group also wants to supplement the classic combustion engine series with further hybrid variants, which should travel up to 100 kilometers with the electric part of the drive. A new Passat is also planned

– in Europe only as a station wagon. The Touran and the Sharan are running

in the medium term. In addition to all Golf variants and the new Tiguan, a large SUV is also being produced at the main plant in Wolfsburg, which is similar to the Tayron previously manufactured in China.

In its investment plan, which was updated in mid-November, the group had announced total expenditures of around 150 billion euros for the next five years – almost half for the future topics of e-mobility and digital. At the headquarters of light commercial vehicles in Hanover, an E-upper class model (“D-SUV”) for other brands is to be created: It could be the “Tesla (Tesla) Fighter” for Audi, Porsche and Bentley, with which VW the US pioneer wants to attack.

Despite the uncertainty caused by the Corona crisis, the manufacturer is confident that it will be able to expand its global market share again in the coming year. In a current scenario for the core brand in 2021, an increase of a further 0.5 percentage points to 8.6 percent is targeted. VW is already expecting a relative increase for the year that is coming to an end – even if absolute deliveries and sales are likely to suffer a significant setback in 2020, as in almost the entire industry.

Expectations are based on demand picking up again after there was a significant slump in sales and partially cut supply chains due to the consequences of the pandemic, especially in the second quarter of this year. The order backlog at Volkswagen increased by a third in October compared to the same month last year. Hybrid models in particular are currently being ordered.

Interest in all-electric cars has also grown due to the purchase premiums that were expanded in the summer. The last “car summit” between politics, industry and unions decided to extend the sales promotion funded by the state and industry until the end of 2025. However, the corona situation is forcing VW to make further savings, in particular fixed costs are to be further reduced.

The preferred shares of Volkswagen came under pressure on Friday morning in XETRA trading and lost 1.63 percent to 146.18 euros.


Image source: Bocman1973 / Shutterstock.com, FotograFFF / Shutterstock.com, iStock / vesilvio, JuliusKielaitis / Shutterstock.com

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