- July 13, 2021
- Posted by: Stratford Team
- Category: Business
Volkswagen will ramp up its software, mobility as a service and battery tech to stay competitive in the coming decades, as it and other automakers prepare for the largest transition in personal mobility since the invention of the car.
Laying out the company strategy Tuesday, Chief Executive Officer Herbert Diess emphasized a top-to-bottom transformation in everything from manufacturing to revenue streams. If revenue was historically driven by sales of internal combustion engine vehicles, Volkswagen CFO Arno Antlitz said the rest of the decade bring income derived not only from electric vehicle sales, but also software, autonomous driving and even ridesharing.
To that end, the company has been busy, planning six battery Gigafactories in Europe and an €800 million ($944 million) hardware platform research and development facility in West Berlin. The company’s also beefing up its in-house automotive software arm Cariad, which VW said could…
