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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen Steps Up China Electric Car Push

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04/15/2019 | 09:03am EDT

By Nathan Allen

Volkswagen AG said Monday that it is accelerating efforts to increase its presence in China's electric-vehicles market, rolling out new models and launching a joint venture to develop charging infrastructure.

The German auto maker said it expects to produce 11.6 million electric vehicles a year in China by 2028, more than half its projected total output of 11 million.

Volkswagen said it will launch a joint venture with Star Charge, JAC and FAW Car Co. to develop charging infrastructure.

Private charging wall boxes should be available by the end of the year, while the group also aims to offer a wide network of public charging stations, Volkswagen said.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
FAW CAR CO., LTD. End-of-day quote.
VOLKSWAGEN AG 0.60% 168.75 Delayed Quote.20.60%
VOLKSWAGEN AG 0.47% 170.62 Delayed Quote.22.21%
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Financials (EUR)
Sales 2019 245 B
EBIT 2019 17 656 M
Net income 2019 13 512 M
Finance 2019 21 603 M
Yield 2019 3,56%
P/E ratio 2019 6,21x
P/E ratio 2020 5,80x
EV / Sales2019 0,26x
EV / Sales2020 0,22x
Capitalization 84 511 M
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Technical analysis trends VOLKSWAGEN AG
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Average target price 189,43  €
Last Close Price 169,00  €
Spread / Highest target 40,8%
Spread / Average Target 12,1%
Spread / Lowest Target -25,4%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG22.21%93 496
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BMW AG-5.05%48 021
HONDA MOTOR CO., LTD.4.29%47 272