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<blockquote data-quote="Weather Man" data-source="post: 16588241" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3670019-volkswagen-to-double-target-for-european-ev-market-share" target="_blank">Volkswagen to double target for European EV market share</a></p><ul> <li data-xf-list-type="ul">Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a> -0.4%) forecasts fully electric vehicles will <a href="https://www.reuters.com/article/us-volkswagen-brand-strategy/main-volkswagen-brand-speeds-up-shift-to-electric-idUSKBN2AX0WE" target="_blank">account for more than 70%</a> of its total European vehicle sales by 2030, compared with a previous target of 35%, it says as it unveils its "Accelerate" strategy.</li> <li data-xf-list-type="ul">"With Accelerate we are increasing the speed on our path to a digital future," says Ralf Brandstaetter, who heads the Volkswagen brand and also sits on the company's board.</li> <li data-xf-list-type="ul">VW's namesake brand will <a href="https://www.bnnbloomberg.ca/volkswagen-brand-doubles-ev-share-target-while-maintaining-margin-goal-1.1572769" target="_blank">still deliver an operating profit margin of at least 6%</a> as of 2023, Brandstaetter believes, even as battery cars generate slimmer returns and the company steps up the pace on investments in electrification and digital services.</li> <li data-xf-list-type="ul">In China and the U.S., Volkswagen forecasts the share of fully electric vehicles it sells to rise to 50% by 2030, aiming to head off rivals including Tesla to become the world's leader in electric vehicle production.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16588241, member: 137766"] [URL='https://seekingalpha.com/news/3670019-volkswagen-to-double-target-for-european-ev-market-share']Volkswagen to double target for European EV market share[/URL] [LIST] [*]Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL] -0.4%) forecasts fully electric vehicles will [URL='https://www.reuters.com/article/us-volkswagen-brand-strategy/main-volkswagen-brand-speeds-up-shift-to-electric-idUSKBN2AX0WE']account for more than 70%[/URL] of its total European vehicle sales by 2030, compared with a previous target of 35%, it says as it unveils its "Accelerate" strategy. [*]"With Accelerate we are increasing the speed on our path to a digital future," says Ralf Brandstaetter, who heads the Volkswagen brand and also sits on the company's board. [*]VW's namesake brand will [URL='https://www.bnnbloomberg.ca/volkswagen-brand-doubles-ev-share-target-while-maintaining-margin-goal-1.1572769']still deliver an operating profit margin of at least 6%[/URL] as of 2023, Brandstaetter believes, even as battery cars generate slimmer returns and the company steps up the pace on investments in electrification and digital services. [*]In China and the U.S., Volkswagen forecasts the share of fully electric vehicles it sells to rise to 50% by 2030, aiming to head off rivals including Tesla to become the world's leader in electric vehicle production. [/LIST] [/QUOTE]
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