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Volkswagen postpones production start of the Trinity electric car to 2030.
Volkswagen postpones the production start of its electric car Trinity to 2030, due to weak demand for electric vehicles and a strict cost-cutting strategy.
Volkswagen sees itself forced to further delay the production start of its pioneering electric car Trinity. According to sources within the company, the model will be manufactured no earlier than 2030, representing a significant delay from the originally planned market launch in 2026. This decision is not unexpected, after VW CEO Oliver Blume had already postponed the start by at least a year and a half shortly after taking office to gain additional time for developing the complex software. The "Handelsblatt" had previously reported on this.
The delay is attributed, among other things, to weak demand for electric vehicles and the company's stringent cost-cutting measures. Volkswagen's profit fell by four percent in the second quarter, to 3.63 billion euros. At the beginning of the month, Blume emphasized the need to focus more on cost savings: "Now it's about costs, costs, and costs. Especially for the Volkswagen brand, but also for all other brands.
Trinity was originally a flagship project of former VW CEO Herbert Diess, who planned to manufacture the model in a new plant in Wolfsburg. Now, however, VW has decided to locate production in Zwickau, the group's current e-car hub. Zwickau, where approximately 10,000 employees are currently employed, will thus be the first site where the new SSP vehicle platform is used. Recently, however, VW had to cut a shift at this plant, indicating the current challenges in the e-car segment.