Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Volkswagen : Components delivers essential components for Volkswagen's ID.4

11/26/2020 | 09:55am EST

Competitiveness indicator

The independent corporate business unit is responsible for the development and manufacturing of strategic components for the Group's brands. Volkswagen Group Components acts as a pioneer of the sector's transformation: since 2015, it has had a firm focus on innovative, competitive and scalable products for the mobility of tomorrow. Today, Components manufactures central components at international sites for the e-SUV - the Volkswagen ID.4 - for the German, Chinese, and in future, US-American markets.

The current and future models based on the MEB are the most significant drivers of the transformation to e-mobility in Volkswagen Group Components' factories. Thomas Schmall, CEO of the independent unit, believes his team is well prepared for the major upheavals: 'The considerable share of added value that our components contribute to the vehicles of the Group brands is an indicator of our competitiveness. It underpins the Group's electric offensive and shows that we have taken the right product decisions regarding our future focus. This means that Volkswagen Group Components is on the way to becoming one of the largest manufacturers of automotive e-components worldwide.'

KASSEL: Lead plant for electric drives

The Components factory in Kassel delivers the electric drives and platform parts for the ID.4 and other MEB vehicles for Europe and North America. As part of the transformation, the Group's largest site for the manufacture of gearboxes now also specialises in building electric drives. The core elements - rotor and stator - are delivered by the components factory in Salzgitter. Motors, gearboxes and intermediate housings are cast at the sites in Hannover, Poznań and Kassel. All of the components belonging to an electric drive, including the 1-gear transmission from Kassel, are assembled on-site.

The electric drives for the Chinese market are produced at the Tianjin factory. This makes Volkswagen Group Components one of the largest global producers of these essential electric vehicle components.

BRAUNSCHWEIG: New centre for battery system expertise

The battery system for the MEB is manufactured at the Braunschweig site. A further skill has been added to the construction and assembly of chassis components: the development of high-voltage battery systems and software for the respective control units has been pooled here for the whole Group. The battery system is also manufactured at the Foshan site in China.

SALZGITTER: Blueprint for the future

Nowhere does the topic of transformation have a stronger presence than in Salzgitter. Firstly, the elementary components - rotor and stator - are produced here for the drive of the ID.4 and other MEB models. Secondly, Volkswagen Group Components pools expertise and competence for battery technology from across the Group in the Center of Excellence for Battery Cells (CoE) at the site. The pilot production line and analysis laboratories are drivers of the further development of battery cell and manufacturing technology. In collaboration with the Swedish battery manufacturer Northvolt AB, the first battery cell plant for the Northvolt Zwei joint venture will be built right next door, to be completed by 2024.

A pilot plant for recycling used high-voltage batteries will also start operations in Salzgitter in the next few weeks, recovering metal and valuable raw materials from batteries that cannot be recycled or re-used. The aim is to re-use more than 90% of the batteries in the future.

Disclaimer

Volkswagen AG published this content on 26 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 14:54:06 UTC


© Publicnow 2020
All news about VOLKSWAGEN AG
01/20VOLKSWAGEN : VAG Nuremberg awards MAN largest e-bus order to date
AQ
01/20BEST-SELLING AUDI RECEIVES SPORTBACK : 2021 Audi Q5 Sportback and SQ5 Sportback;..
AQ
01/20Kenya's new car sales drop by 16% in 2020 on coronavirus crisis
RE
01/20Kenya's new car sales drop by 16% in 2020 on coronavirus crisis
RE
01/20VOLKSWAGEN : Audi Eyes 1 Million China Car Sales in 2023
MT
01/20Volkswagen says China car sales, production hit by chip supply shortage
RE
01/20Germany's Audi Partners with SAIC to Expand Presence in China
MT
01/20MARKET CHATTER : Germany's Audi Targets 1 Million Car Sales in China in 2023
MT
01/20Audi aims to sell one million cars in China in 2023
RE
01/19Cruise, GM partner with Microsoft to ramp up self-driving vehicles
RE
More news
Financials
Sales 2020 218 B 265 B 265 B
Net income 2020 4 371 M 5 302 M 5 302 M
Net cash 2020 22 728 M 27 567 M 27 567 M
P/E ratio 2020 18,2x
Yield 2020 1,88%
Capitalization 83 317 M 101 B 101 B
EV / Sales 2020 0,28x
EV / Sales 2021 0,24x
Nbr of Employees 664 196
Free-Float 56,8%
Chart VOLKSWAGEN AG
Duration : Period :
Volkswagen AG Technical Analysis Chart | VOW3 | DE0007664039 | MarketScreener
Technical analysis trends VOLKSWAGEN AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 176,53 €
Last Close Price 157,62 €
Spread / Highest target 56,7%
Spread / Average Target 12,0%
Spread / Lowest Target -11,2%
EPS Revisions
Managers and Directors
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG3.41%97 567
TOYOTA MOTOR CORPORATION-3.41%207 445
GENERAL MOTORS COMPANY31.70%78 493
DAIMLER AG0.21%72 101
BMW AG-1.99%53 424
HYUNDAI MOTOR COMPANY34.90%49 931