Romania misses a investment colossal. The decision of those from Volkswagen. How it came to be Volkswagen to exclude Romania from the plans aimed at developing the infrastructure for electric vehicles? Our country does not appear on the map presented at the Volkswagen Power Day technology event, held on Monday, March 15.
The map covers most of the European continent, but does not include Romania on the outside. This aspect was quickly noticed by the commentators from the specialized press. Not only Romania was taken out of the scheme.
Norway also has no place on the map of the development of fast charging points, so necessary for electric cars. “Together with our partners, we will increase the number of fast charging points in Europe to 18,000 over the next four years, so that we can cover a third of demand in 2025,” reads a press release issued by Volkswagen on Monday.
From the point of view of investing in charging stations, it must be said that Romania misses the chance to attract 400 million euros. It remains to be seen whether the strategy will change by 2030.
Romania misses a colossal investment
Over the next nine years, Volkswagen plans to open six battery factories in Europe forelectric cars. In this context, the first plant to produce batteries for the group’s electric models will be built in Sweden.
The second will be built in Salzgitter, Germany; the 6 European factories will annually produce batteries with a cumulative capacity of 240 GWh. Otherwise, the general manager of Volkswagen AG, Herbert Diess, spoke on Tuesday about the cost reductions. He believes the measures will increase profit margins in the coming years, amid accelerating the transition to electric vehicles.
Shares of Volkswagen rose 3.8% on the Frankfurt Stock Exchange on Tuesday morning.
“The good performance of 2020, a year dominated by the crisis, supports the acceleration of our transformation,” Diess said on Tuesday, according to Agerpres. After 2021, Volkswagen wants an operating margin of 7%, 8%, after setting a target of 5%, 6.5% for this year in 2020.
Group portfolio Volkswagen consists of 12 brands. These include VW, Audi, Porsche, Skoda, Lamborghini, Seat, Bentley and Bugatti. The group also handles MAN and Scania trucks.
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