German car giant shares
Over the past three months, semiconductors, which control the electronic components of their vehicles, have been hit by a global shortage and fears that production delays could damage production.
The company behind Audi, Bentley, Porsche, Skoda and Seat has lost 16.2% of its stock (marking: VOW3. Germany), tops 189.30 euros ($ 222.07).
(F), 10% decreased, and
(DAI.Germany), decreased by 9.3%.
This immersion could be a good buy opportunity as VW growth prospects in electric vehicles can increase sales and reduce costs.
His Volkswagen ID.4 GTX – ስፖርት 50,000 price tag – seen as an effective competitor
(TSLA). The company, listed at the Munich Motor Show in Frankfurt this month, unveiled a fully electric small car that aims to deliver these vehicles at an affordable price.
These advances will help VW reach group sales from battery-powered vehicles by 2025, or BVAs by 2025 and around 2030, according to the company’s own targets. Plans to build six major factories before 2030 with partners such as Northvolt and Goshen are safer and reduce costs.
Tim Rocosa, a Deutsche Bank analyst, says the stock has a buy-in ratio and “the economic efficiency of battery production will help reduce cell costs by more than 50%.” The target price is 270 euros.
According to Daniel Schwartz, an analyst at Stefell Nicholas, shares are up 66%, rising to 2 312. VW “ It is on track to become the largest manufacturer of electric vehicles by 2021, ”he said.
VW aims to reduce its fixed costs by 5% by 2020, reduce its ቢሊዮን 2 billion to ቢሊዮን 40 billion, and at the same time reduce its purchasing costs by 7%, said Stephen Ritman, a general analyst at the company. .
A leader in automotive markets in Europe and China, VW operates 118 factories in 30 countries. It has 662,000 employees and a market value of 122 billion euros. It will have 6.2 times lower than expected this year and will be assessed online with peers.
Demand for VW Premium Brands: The company has successfully shipped chip shortages by leading its supply to high-profit margins – and its strong performance in the cash-out division has helped record results in the first half of the year. View has also increased its vision for 2021.
In the first half of the year, pre-tax revenue was 2 11.2 billion on sales of ቢሊዮን 130 billion, a loss of 4 1.4 billion and sales of ቢሊዮን 96 billion over the same period last year.
“We will continue to accelerate operationally and strategically,” he said in his half-year income statement.
Shipping for electric cars has almost tripled over the past year, and China’s sales of VW, the world’s most important market, have been frustrated. Deutsche Bank Rocosa: “ID No. 4 is well under way in Europe and the United States.
Stifel’s Schwarz shows poor performance in the showrooms compared to competitors Tesla and more conventional efforts.
(NIO), rather than the basic problems of the car.
Arno Antlitz, Volkswagen’s chief financial officer Of Baron “The company is committed to developing a leading automotive software stack and will continue to invest in automotive and mobility services,” the statement said.