LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Volkswagen Group hits 1 million mark in MEB-based EV production milestone

Robert Frost by Robert Frost
June 16, 2023
in Industries
Volkswagen Group hits 1 million mark in MEB-based EV production milestone
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


The Volkswagen Group hit a milestone after revealing 1 million electric vehicles have been produced on its MEB electric car platform.

Volkswagen foresaw the auto industry’s transition to fully electric vehicles (although didn’t commit to it fully yet) back in 2015 with plans to develop a dedicated EV platform.

You might also like

CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns

Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear

Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

The modular electric drive matrix (MEB) was officially unveiled in 2018 as the German automaker accelerated its EV strategy with several concept releases following including the Audi e-tron. The MEB platform is the backbone of Volkswagen’s “ID” electric car series, as well as several other EVs from VW brands.

The MEB platform serves as the base for the ID.3, ID.4 electric SUV, ID.5, ID.6 (China) and will power the upcoming flagship ID.7 electric sedan due out in Europe later this year, and in the US in 2024.

Other brands under the Volkswagen Group umbrella, including Audi, Cupra, and ŠKODA also utilize the platform.

Volkswagen-1-million
2023 VW ID.4 (Source: Volkswagen)

For example, Audi’s Q4 e-tron and Q5 e-tron, Cupra’s first electric car “Born,” and the ŠKODA ENYAQ iV, all ride on the MEB architecture.

Several months later VW said it was open to collaborations and it found its first partner in Ford in 2020 to launch two electric EVs in Europe.

Volkswagen-1-million
Audi Q4 50 e-tron (Source: Audi)

It’s first, an electric Explorer SUV, released in March starting at less than €45,000 (roughly $48,500). Although Ford has since revealed its developing its own in-house technology, the partnership serves a key role in expanding Ford’s European presence. Rather than taking the time to develop its own platform, delaying a rollout, using VW’s MEB platform will help bridge the gap.

Ford-electric-Explorer-SUV
Ford’s new electric Explorer released in Europe (Source: Ford)

Volkswagen hits 1 million MEB-based EVs produced

Volkswagen revealed on its Twitter Friday it achieved an MEB production milestone, hitting the 1 million mark.

✨ one million cars, one platform!✨
Celebrating our electric vehicle platform, MEB, with five brands!

🌎 By now, Audi, Cupra, Skoda, Volkswagen & Volkswagen commercial are pushing 8 factories in China, Europe & US
👀 More 2 come:
small MEB-family w/ Cupra, Skoda & Volkswagen! pic.twitter.com/lOS9cUZpD8

— Volkswagen Group (@VWGroup) June 16, 2023

Volkswagen reveals 1 million MEB EVs produced (Source: Volkswagen Group)

The automaker says it achieved the milestone with five brands, including Volkswagen, Audi, Cupra, ŠKODA, and Volkswagen commercial.

Furthermore, Volkswagen said the five brand are pushing eight factories in Europe, the US, and China. The company is teasing a small MEB-based EV with Cupra, ŠKODA, and VW.

VW-1-million
Volkswagen ID.7 (Source: VW)

Volkswagen is already working on developing the platform further with the next-gen “MEB+” using advanced batteries to enable over 430 miles (700 km) range and faster charging times. The German automaker expects 80% of its passenger cars to be electric by 2030 in Europe as it works toward a fully electric future.

FTC: We use income earning auto affiliate links. More.





Source link

Share30Tweet19
Previous Post

Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

Next Post

‘We had to change strategies,’ says SEC enforcement director on recent actions: Report

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns
Industries

CNBC Daily Open: Major U.S. banks enjoy a blowout quarter — assuaging trade war concerns

October 16, 2025
Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear
Industries

Trump says Modi assured him India will stop Russian oil purchases, but timeline unclear

October 16, 2025
Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected
Industries

Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

October 15, 2025
DuPont prepares to say goodbye to electronics. What investors get with the remaining company
Industries

DuPont prepares to say goodbye to electronics. What investors get with the remaining company

October 15, 2025
Next Post
‘We had to change strategies,’ says SEC enforcement director on recent actions: Report

‘We had to change strategies,' says SEC enforcement director on recent actions: Report

Related News

Manulife to buy back .2B in stock as part of B reinsurance deal with Global Atlantic

Manulife to buy back $1.2B in stock as part of $13B reinsurance deal with Global Atlantic

December 11, 2023
Train strike cripples network as 20,000 rail workers walk out

Train strike cripples network as 20,000 rail workers walk out

August 26, 2023
Nelson Peltz’s Trian hedge fund unveils new stake in U-Haul, dumps Sysco

Nelson Peltz’s Trian hedge fund unveils new stake in U-Haul, dumps Sysco

August 15, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?