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<blockquote data-quote="Weather Man" data-source="post: 16600331" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3678036-volkswagen-called-likely-ev-partner-for-apple-by-wedbush" target="_blank">Volkswagen called likely EV partner for Apple by Wedbush</a></p><ul> <li data-xf-list-type="ul">Volkswagen (<a href="https://seekingalpha.com/symbol/VLKAF" target="_blank">OTCPK:VLKAF</a>) is down about 2.25% in Frankfurt trading to cut into what has been a rally of more than 60% over the last month amid the electrification push from the German auto giant.</li> <li data-xf-list-type="ul">Wedbush's Dan Ives looks beyond the folly with the early April Fools Day joke by Volkswagen to see a serious EV commitment.</li> <li data-xf-list-type="ul">"VW is doubling down on its EV initiatives for the next decade as the European auto stalwart unveiled its plans to build six "gigafactories" in Europe by 2030 with a total production capacity of 240 gigawatt hours per year. These are impressive and ambitious EV goals which will also include a significant number of EV charging points to networks across Europe (18k by 2025), the US, and China. VW is accelerating its EV endeavors as the company announced more than 70% of its European sales will be EVs by 2030, up from its previous target of 35%. The company also expects half its sales to be from EVs by 2030 in the US and China. The company is stepping up its EV R&D (which speaks to its name change in the US) as it plans to spend $19 billion around accelerating these trends by 2025."</li> <li data-xf-list-type="ul">Ives and team continue to believe that VW is the most likely EV partner for Apple as Cupertino goes through the EV dating game and likely picks its strategic EV partner by the summer timeframe for the Apple Car.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/news/3677802-volkswagen-name-change-said-to-just-be-an-early-april-fools-day-prank" target="_blank">Read about the Voltswagen prank</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16600331, member: 137766"] [URL='https://seekingalpha.com/news/3678036-volkswagen-called-likely-ev-partner-for-apple-by-wedbush']Volkswagen called likely EV partner for Apple by Wedbush[/URL] [LIST] [*]Volkswagen ([URL='https://seekingalpha.com/symbol/VLKAF']OTCPK:VLKAF[/URL]) is down about 2.25% in Frankfurt trading to cut into what has been a rally of more than 60% over the last month amid the electrification push from the German auto giant. [*]Wedbush's Dan Ives looks beyond the folly with the early April Fools Day joke by Volkswagen to see a serious EV commitment. [*]"VW is doubling down on its EV initiatives for the next decade as the European auto stalwart unveiled its plans to build six "gigafactories" in Europe by 2030 with a total production capacity of 240 gigawatt hours per year. These are impressive and ambitious EV goals which will also include a significant number of EV charging points to networks across Europe (18k by 2025), the US, and China. VW is accelerating its EV endeavors as the company announced more than 70% of its European sales will be EVs by 2030, up from its previous target of 35%. The company also expects half its sales to be from EVs by 2030 in the US and China. The company is stepping up its EV R&D (which speaks to its name change in the US) as it plans to spend $19 billion around accelerating these trends by 2025." [*]Ives and team continue to believe that VW is the most likely EV partner for Apple as Cupertino goes through the EV dating game and likely picks its strategic EV partner by the summer timeframe for the Apple Car. [*][URL='https://seekingalpha.com/news/3677802-volkswagen-name-change-said-to-just-be-an-early-april-fools-day-prank']Read about the Voltswagen prank[/URL]. [/LIST] [/QUOTE]
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