Volkswagen Says High Demand Is Helping Its EVs Turn a Profit Sooner Than Expected

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Volkswagen Says High Demand Is Helping Its EVs Turn a Profit Sooner Than Expected
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Eager customers are giving Volkswagen’s aggressive electric-vehicle plan a boost.

for investors ahead of the annual meeting, VW said that its next-generation EV platform is on track to launch in 2026 with a new VW-brand electric sedan code-named Trinity.

The Trinity sedan will be built in a new advanced factory adjacent to VW's headquarters campus in Wolfsburg, Germany. The new facility will use advanced production methods and will serve as a blueprint for the gradual conversion of VW plants worldwide to EV production., an electric version of the iconic hippie-era microbus.

VW is also expanding its global charging network. The company said it has about 10,000 high-speed charging points operating now between the U.S., China, and Europe, and it plans to boost that total to about 45,000 across the three regions by 2025. About 10,000 of those will be in the U.S., it said, operated under the Electrify America brandVW currently expects its overall deliveries, including internal combustion models, to increase between 5% and 10% in 2022.

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