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Volkswagen Moves Into Electric Car Market

Research and Markets
·2-min read

Dublin, April 07, 2021 (GLOBE NEWSWIRE) -- ResearchAndMarkets.com published a new article on the electric vehicle industry "Volkswagen Moves Into Electric Car Market"

Volkswagen announced bold new plans last week to expand its electric car range, open six battery factories to power their cars, launch its own operating system and become Europe's second-biggest software company. The announcements boosted investment in Europe's largest carmaker; stocks rose by nearly 20 percent in Frankfurt, and its American depository receipts rose dramatically as well.

The company has invested $42 billion in electric technology, apparently to catch up with Tesla; Tesla has a market value of $625 billion, despite selling only half a million electric cars, while Volkswagen has a market value of only $170 billion, despite selling 9.3 million cars.

Investors are taking a second look at other traditional automakers, too. Shares of both General Motors and Ford have gained roughly 45 percent so far this year as executives have unveiled more details about their electric ambitions. All three companies are good examples of established companies finding new ways of doing business in the face of huge changes caused by the climate crisis.

The article on ResearchAndMarkets.com contains a selection of reports on electric vehicles such as:

  • Electric Vehicle Charging Stations Market By Charger Type; By Connector Protocol; By Charging Method; By Application; By Regions - Segment Forecast, 2020-2026

  • EV Batteries and Materials: Technology, Trends, and Market Forecasts

  • Global Mobility Electrification Perspectives 2025

To see the full article and a list of related reports on the market, visit "Volkswagen Moves Into Electric Car Market"

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