Volkswagen now produces electric vehicles at three locations, and in two years' time a further nine Group plants are scheduled to be equipped for this objective.
While Tesla's much-anticipated Model 3 sedan has already missed some key production targets, VW plans to expand assembly of zero-emission cars to 16 plants globally through the end of 2022 from three at present.
It's not clear which companies are getting the $25 billion worth of contracts in Europe and China, but I can't imagine that it doesn't mean a significant production increase over the period of the contracts.
From 2019, Müller insisted, the Group that owns Porsche, Audi, Bentley, Lamborghini, Seat, Skoda and Bugatti would launch a new electric auto "virtually every month".
The group's has weathered the dieselgate storm well financially in spite of the billions in cash outflows due to the scandal.
This isn't one single deal.
"Over the last few months, we have pulled out all the stops to implement "Roadmap E" with the necessary speed and determination". Volkswagen had already announced plans to build up to three million electric vehicles annually by 2025 and market 80 new electric Group models.
The three new electric vehicles are just the tip of the iceberg as Müller said the Volkswagen Group will introduce a new electric vehicle "virtually every month" starting in 2019. In the interim, the e-Golf sits on a converted version of Volkswagen's standard-issue MQB architecture, while early Porsche BEVs will use its J1 architecture and the first Audi BEVS will sit on the C-BEV underpinnings.
Volkswagen plans to launch the first full MEB vehicle, the I.D. hatch, in 2020 as the leader for an entire I.D.
The Volkswagen Group has seen significant advancement in its futuristic electric auto concepts over the past few years, with new models, such as Bentley's EXP 12 Speed 6e, Audi's stylish e-tron quattro and Volkswagen's ID Vizzion, demonstrating the group's commitment to its new, forward-looking strategy. The R&D ratio, total research and development expenditure as a percentage of the Automotive Division's sales revenue, decreased to 6.7% from 7.3%.