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====Electrification strategy 2025==== [[File:Volkswagen ID.3 at IAA 2019 IMG 0779.jpg|thumb|VW Group has invested in a wide-ranging electrification strategy in Europe, North America and China, with its [[Volkswagen Group MEB platform|electric "MEB" platform]].]] In 2016, Volkswagen Group announced a corporate "Strategy 2025" that focuses on electrification of its portfolio.<ref>William Boston. [https://www.wsj.com/articles/vw-ceos-strategy-overhaul-focuses-on-electric-vehicles-1466073807 "Strategie 2025" VW CEO's Strategy Overhaul Focuses on Electric Vehicles] {{Webarchive|url=https://web.archive.org/web/20170205103123/https://www.wsj.com/articles/vw-ceos-strategy-overhaul-focuses-on-electric-vehicles-1466073807 |date=5 February 2017 }}. ''[[The Wall Street Journal]]''. Published on 16 June 2016.</ref> The VW Group developed the [[Volkswagen Group MEB platform]] chassis that will be utilized in a range of various cars and light [[utility vehicle]]s across several VW Group marques due to its flexibility and floor-mounted battery.<ref>Christiaan Hetzner. [http://www.autonews.com/article/20160528/OEM05/305309989/vw-weighs-second-ev-platform VW weighs second EV platform]. ''[[Automotive News]]''. 28 May 2016.</ref> As of May 2018, the VW Group has committed $48 billion in [[Electric-vehicle battery|car battery]] supplies<ref name="fortune May 3, 2018">[http://fortune.com/2018/05/03/vw-tesla-electric-car-batteries/ VW doubles its electric vehicle battery contracts to $48 billion] {{Webarchive|url=https://web.archive.org/web/20180606013104/http://fortune.com/2018/05/03/vw-tesla-electric-car-batteries/ |date=6 June 2018 }}. ''[[Fortune (magazine)|Fortune]]''. 3 May 2018.</ref> and plans to outfit 16 factories to build [[electric car]]s by the end of 2022.<ref>Darrell Etherington. [https://techcrunch.com/2018/03/13/volkswagen-has-locked-down-25b-in-battery-supplies-for-its-electric-vehicle-push/ Volkswagen has locked down $25B in battery supplies for its electric vehicle push] {{Webarchive|url=https://web.archive.org/web/20180503180457/https://techcrunch.com/2018/03/13/volkswagen-has-locked-down-25b-in-battery-supplies-for-its-electric-vehicle-push/ |date=3 May 2018 }} [[TechCrunch]]. 13 March 2018.</ref> According to VW Group CEO [[Dr. Herbert Diess]], the company will offer 25 electric models and 20 plug-in hybrids by 2020.<ref name="fortune May 3, 2018"/>
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