Oliver Bloom, Chairman of the Management Board of Voxwagen AG, attends the press conference before the introduction of the International Motor Show (IAA Mobility). IAA dynamics 2025 will be in Munich from 9-14 September 2025.
Picture alliance | Picture alliance | Getty images
Chief Executive Officer of Voxwagen It is said that the German auto giant is emphasizing to strengthen its electromobility dominance with a new lineup of compact and inexpensive electric vehicles in Europe.
This year, Volkswagen, the largest supplier of EVS in both Germany and Europe, unveiled the small all-electric ID. Cross concept car in the weekend, before the roll-out in the first half of next year.
This is the fourth launch of Volkswagen’s new electric model, which follows ID2, ID. GTI concept and ID. Every1.
Volkswagen CEO Oliver Bloom on Monday told CNBC’s Annett Weissback, “We have worked hard during previous years to improve our software, which improves our battery offerings.
“We are competitive and in Europe, for example, we are a market leader in electromobility with 28% market share.
The IAA Mobility Car Show in Munich comes to his comments shortly before the kick-off of the show, where the struggling European car manufacturers are expected to face the Chinese newcomers.
Despite the US tariff pressure on the European auto industry, Volkswagen shares this year are around 12.2%.
This developing story is being updated.
