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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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VW CEO says new ID.3 car 40% cheaper to build than electric Golf

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11/18/2019 | 08:17am EST
Employees work at a production line of a a new electric Volkswagen model ID.3 in Zwickau

Volkswagen's new ID.3 electric vehicle will be 40% cheaper to build than the electric version of its Golf model, Chief Executive Herbert Diess told investors on Monday.

The battery in the new ID.3 can be used to add structural rigidity to the body and the modular layout of the battery allows for advantages in packaging and economies of scale.

"If you focus on an electric platform, all in all it accounts for a 40% reduction against the predecessor electric Golf," Diess said. "Most of it from cells and the battery system. Around 5-10% comes from dedicating an entire plant to electric vehicles."

This cost reduction is one of the reasons that Volkswagen is confident it can shift from making combustion-engined to electric cars without eroding the company's profit margin, VW said.

(Reporting by Edward Taylor; Editing by Ludwig Burger)

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Financials (EUR)
Sales 2019 249 B
EBIT 2019 17 812 M
Net income 2019 13 750 M
Finance 2019 21 780 M
Yield 2019 3,59%
P/E ratio 2019 6,37x
P/E ratio 2020 6,06x
EV / Sales2019 0,27x
EV / Sales2020 0,23x
Capitalization 87 866 M
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Technical analysis trends VOLKSWAGEN AG
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Mean consensus BUY
Number of Analysts 30
Average target price 199,55  €
Last Close Price 175,82  €
Spread / Highest target 37,6%
Spread / Average Target 13,5%
Spread / Lowest Target -18,7%
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
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