VW says can build up to 15 million cars on electric car platform

Image
Reuters FRANKFURT
Last Updated : Dec 07 2018 | 5:55 PM IST

FRANKFURT (Reuters) - Volkswagen on Friday said it can build up to 15 million electric cars using its new MEB vehicle platform, revealing the extent of the carmaker's push to mass produce zero-emission vehicles.

Volkswagen is investing more than 11 billion euros ($12.52 billion) into electric connected and autonomous vehicles by 2023, of which 9 billion euros will be allocated toward developing a family of electric cars, the carmaker said.

($1 = 0.8788 euros)

(Reporting by Edward Taylor; Editing by Arno Schuetze)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 07 2018 | 5:43 PM IST

Next Story