On March 5th, Volkswagen officially announced that it is accelerating its transformation into a “software-driven mobility service provider”. By 2030, it is expected that electric vehicle sales will account for over 70% in Europe and also reach 50% in China and the US. This once again expresses Volkswagen’s determination for transformation.
Volkswagen has reserved approximately €16 billion for this transformation and investment in electric vehicles, hybrid power, and future digital trends before 2025. It is expected to achieve a target operating profit margin of at least 6% by 2023.
In the autonomous driving field, where Volkswagen is currently at a disadvantage compared to Tesla, the Trinity project is seen as the key to competing with Tesla’s autonomous driving. Although Volkswagen claims that the Trinity project will directly support the L2+ level of advanced driving assistance system (ADAS) after mass production, and technically, it supports the L4 level of ADAS, 2026, the time point at which the Trinity project will be launched, seems somewhat late.
🔗 Source:Volkswagen AG
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.