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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN

(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 -1.56% 157.5 Delayed Quote.15.17%
VOLKSWAGEN AG -1.25% 162.35 Delayed Quote.18.19%
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Financials (€)
Sales 2019 243 B
EBIT 2019 18 039 M
Net income 2019 13 980 M
Finance 2019 25 068 M
Yield 2019 3,75%
P/E ratio 2019 5,67
P/E ratio 2020 5,56
EV / Sales 2019 0,23x
EV / Sales 2020 0,20x
Capitalization 81 506 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 190 €
Spread / Average Target 19%
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Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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