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UBS study : Volkswagen Group at the top of the global electric car market as early as 2022

 

  The Volkswagen Group is expected to be in a leading position in the global
electric mobility market as early as 2022, becoming a benchmark for
other manufacturers, whether traditional or new in the field of
automotive. This was shown in a global study by
UBS, the Swiss financial giant,
on the prospects of the most important car manufacturers and also
new companies or brands that have appeared in the industry in recent years
years, at the same time as rapid developments in electromobility.


  Η
study did not only focus on the financial parameters of each company but
deepened and in areas such as the technological readiness level for the implementation of
of electrification. Not coincidentally, the results of the study were published with
the title "The
ID.3 in
from which it was deduced: The Greatest Opportunity in Electric Vehicles - Market Recommendation"
, with a direct invitation to investors to
prefer the stock of
Volkswagen. Indeed, with the
publication of the study the analysts of the
UBS
described this share as an investment opportunity, increasing the
its target price of 50% with a 12-month horizon, from €200 to €300.



  At
As part of conducting the study, experts completely disassembled a
ID.3. Studying it, they concluded how the modular platform for the
electromobility (EV) of the
Volkswagen Group, represents today the most impressive technological background that has
presented by an automotive company on electrification.


The
key findings of the study of
UBS are the following:

-       
The modular
platform for electromobility (MEB) which is the basis for the electrical attack
of Volkswagen, is fully cost competitive with similar approaches
coming from brands that manufacture exclusively electric models.

-       
The Volkswagen Group with the
MET achieves top performance in terms of energy efficiency,
the manufacturing flexibility and energy density of the batteries.

-       
Regarding the
battery cost, the ID.3 is among the three best
models worldwide, at a cost of around 100 USD per kilowatt-hour.

-       
The electric
cars from leading manufacturers such as the brands of Volkswagen Group, may have reached the same levels as those of current models
internal combustion, in terms of costs and margins, before 2025.

-       
As regards
the software platform and the electromobility ecosystem, the Volkswagen Group is ahead of the other, "traditional" manufacturers
cars.


  "The in
in-depth analysis of the
ID.3 showed that the Volkswagen has developed a technologically leading, purely
electric platform. This allows the
Group offer attractive electric vehicles (BEV) across the entire range, while achieving profitability
(
EBIT)",
says in a statement
UBS. On this basis, the UBS expects that the Volkswagen Group will be in a leading position in the global market for pure electric
vehicles as early as 2022 - with the prospect of increasing the market share that
holds.


  The Volkswagen Group investing a total of €35 billion by 2025 to make the broadest possible
the spread of electric mobility. The chips of
Group delivered 231,600 electric vehicles to customers in 2020 - more than
three times the corresponding figure for 2019. By 2030, the
Group will launch around 70 all-electric models, of which around 20 will be
are already underway.



  Η
technological and economic backbone of the electrical attack of the
Volkswagen is the modular
platform for electromobility (
MEB). Designed specifically for electric motors
systems offers great autonomy, ample interior space and
fantastic performance. The brand
Volkswagen presented the compact dimensional ID.3 on the market as the first electric car based on the MEB, followed by
the first all-electric
SUV of the brand, the ID.4. Other family models ID. are scheduled to be released in the near future.


  From the
summer, the
Volkswagen will offer to the owners of ID.
a wireless software update (
viatheair) every 3 months. In addition to optimizing the
software performance and vehicle performance, these updates shall not affect the
may also contain new features and personalisation options.