Volkswagen AG (OTCPK:VWAGY)
$ 9.3235 -0.3365 (-3.48%) Market Cap: 46.74 Bil Enterprise Value: 188.74 Bil PE Ratio: 3.44 PB Ratio: 0.24 GF Score: 81/100

Volkswagen AG Power Day Transcript

Mar 15, 2021 / 12:00PM GMT
Release Date Price: $29.76 (+7.17%)
Herbert Diess
Volkswagen AG - Chairman of Management Board & Group CEO

Thank you for tuning in. Let me begin with the obvious. E-mobility has won the risk. It is the only solution to reduce mobility emissions fast. Five years ago, we decided to build a single platform for electric cars. Many in the industry questioned our approach at that time. Today, they are following suit, while we are reaping the fruit.

Our group models account for 1/4 of all bats sold in Western Europe and are conquering market share around the world. E-mobility is the key pillar of Volkswagen's forward strategy. In the next few hours, we will present to you our power road map, the most important lever for electric mobility.

We will take a holistic approach and expand our e-mobility value chain. Our goal is to secure a pole position in the global scaling of batteries. We will make charging as easy as fueling by strengthening our charging network in Europe, the United States and China. And we will combine mobility and energy management.

Power will become a new core competence for Volkswagen and an

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