Volkswagen is planning to start the new decade with a bang, with 34 new models in the pipeline to be launched globally in 2020.
The line-up will include a total of eight electrified vehicles. Volkswagen’s first electric vehicle – the ID.3 will go on sale in Summer (June to August), “soon followed” by the ID.Next, the brand’s first electric SUV.
The six other electric or hybrid vehicles will also include the Golf GTE, the performanced-oriented hybrid variant of the Golf 8, which packs a combined output of 245 hp.
Volkswagen has not specified all other models in the 34-model offensive for the next year, though the company did say that 12 of the planned launches will be SUVs – a key market segment contributing to the success of the German marque in recent years.
Volkswagen COO, Ralf Brandstätter noted that “In a shrinking overall market the Volkswagen brand has won market shares worldwide and significantly improved its operating result.”
The success can be attributed to the restructuring of its core business, which will also contribute to the 2.6 billion Euros in savings by the end of 2019.
Volkswagen will be investing a total of 19 billion Euros through 2024, of which 11 billion alone will be allocated for the further development of “e-mobility”.
Alongside electrification efforts, the brand is also carrying out its digital transformation roadmap, laying the groundwork to expanding software expertise of the brand and the Volkswagen Group.
A newly established Car.Software organisation will begin operation as an independent business unit from January 2020, as the brand expects the in-house car software development services to rise from under 10% today to at least 60% in 2025.