Volkswagen Commercial doubled EV deliveries in 2022, led by tremendous ID.Buzz demand

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2 years ago

January 11, 2023

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Volkswagen Commercial Vehicles has released its annual numbers for 2022 and is reporting strong output for its vehicles, including a doubling of EV deliveries dominated by the ID.Buzz electric van. Better still, the number of Buzz vans delivered last year is a mere fraction of what Volkswagen already has in its order books.

If the name didn’t already give it away, Volkswagen Commercial Vehicles is a marque of Volkswagen Group centered around the light commercial segment. 2022 saw the start of production of the ID.Buzz electric van after it was officially unveiled last March.

Contrary to other ID EVs donning VW badge built at the automaker’s Zwickau-Mosel Plant, the ID.Buzz is produced by the commercial division at its plant in Hannover-Stöcken, following a major overhaul to support EV production – a new assembly process for the long-running facility.

Deliveries of the ID.Buzz did not begin until the latter half of 2022, but Volkswagen is optimistic about its future based on the number of deliveries completely thus far. Furthermore, the number of deliveries on order for 2023 is already tenfold.

Volkswagen reports over 6,000 ID.Buzz deliveries so far

Despite 6,000 Buzz deliveries alone by the end of 2022, Volkswagen also reported over 10,000 electric vans already built in Hannover, with even more on the way. The German automaker shared that by the time the ID.Buzz reached dealerships this past fall, it already had over 21,000 customer orders in place.

The commercial division of Volkswagen will look to fill this growing number of Buzz orders in 2023 en route to a new record in EV deliveries. If that does happen, Volkswagen Commercial Vehicles will continue its trend from last year, which saw 7,500 EV deliveries – more than double the 3,600 that made their way to customers in 2021. VWCV’s member of the board of management for sales and marketing Lars Krause shared in the excitement, puns and all:

Our ID. Buzz created a real BUZZ in 2022 – not just here, but all over the world. We are very happy with the launch of our first all-electric Bulli from Hannover. Now, our task is to further ramp up production of all models and to deliver the vehicles to our customers and fans.” Krause continued: “In the last few months, we’ve already succeeded in doing this and we’ve been able since September to increase deliveries to customers significantly. In November and December, we sent out 30 per cent more vehicles than in the same period last year.

By the end of 2022, Volkswagen stated that orders for the ID.Buzz Pro and ID.Buzz cargo totaled 26,600, leaving plenty to keep the commercial division busy overseas. VWCV reported 328,600 customer deliveries in total last year, marking a downward trend of 8.6%.

However, growing demand for the ID.Buzz at both the commercial and consumer level leaves room for optimism, especially as the division looks to make 55% of all sales BEV by 2030.

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

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5 hours ago

November 5, 2024

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Cybertruck backlog runs out, Model S gets stuck, GM hits a sales milestone

On today’s episode of Quick Charge, Tesla’s Cybertruck is now available in Canada – and, like in the US, there’s no waiting! Plus, we’ve got an “actually” smart summon Tesla that’s actually stuck, GM reaches a sales milestone, and we get a brand-new title sponsor!

Today’s episode is the first with our new title sponsor, BLUETTI – a leading provider of portable power stations, solar generators, and energy storage systems.

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New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonusLucid proves than an EV company can keep its promises while Xiaomi teams up with Chevrolet and Honda to prove – at least conceptually – that records are made to be broken. audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news!

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This ‘supercharger on wheels’ brings fast charging to you [update]

Published

7 hours ago

November 4, 2024

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This 'supercharger on wheels' brings fast charging to you [update]

Mobile car care company Yoshi Mobility launched a DC fast charging EV mobile unit that it likens to “a supercharger on wheels.”

November 4, 2024 update: Yoshi Mobility will only be charging EVs on the side of the road now – it announced today that it’s selling its fleet fueling operation to EZFill Holdings (Nasdaq: EZFL).

It was originally founded as a direct-to-consumer, mobile fueling business in 2016, but now it’s going to focus on mobile EV charging, virtual vehicle inspections for partners like Uber and Turo, and onsite preventative maintenance.

Bryan Frist, Yoshi Mobility’s CEO & cofounder, said, “By spinning off our fuel business and focusing all of our energy on solving hair-on-fire problems that fleet owners face, we are meeting the changing needs of enterprise customers while making the future of transportation safer, cleaner, and more sustainable.”

May 22, 2024: Yoshi Mobility saw that its existing customers needed mobile EV charging in places where infrastructure has yet to be installed, so the Nashville-based company decided to bring the mountain to Moses.

“We recognized a demand among our customers for convenient daily charging, reliable private charging networks, and proper charging infrastructure to support their fleet vehicles as they transition to electric,” said Dan Hunter, Yoshi Mobility’s chief EV officer and cofounder.

The company says its 240 kW mobile DC fast charger, which can turn “any EV” into a mobile charging unit, is the first fully electric mobile charger available. It can provide multiple charges in a single trip but doesn’t detail how they charge the DC fast charger or who manufactured it. (I asked for more details, and they replied that they won’t disclose client names or the manufacturer of its DC fast charger yet.)

Yoshi is launching its mobile charger on two GM BrightDrop Zevo 600s and will introduce additional vehicles throughout 2024. It aims for full commercialization by Q1 2025. (I wonder if the Zevo 600 ever charges itself? Yes, I asked that too.)

Yoshi Mobility says it’s already deployed its EV charging solutions to service “major OEMs, autonomous vehicle companies, and rideshare operators” across the US. Its initial customers are made up of large EV operators managing “hundreds” of light-duty vehicles requiring up to 1 megawatt of energy per day that don’t yet have grid-connected EV chargers. I’ve asked Yoshi for details of who it’s working with, and will update if they share that info.

The company says pricing is based on location and enterprise charging needs. Once under contract for service, the service will be deployed to US-based customers within 10 days.

To date, Yoshi Mobility has raised more than $60 million, with investments from GM Ventures, Bridgestone, ExxonMobil, and Y-Combinator in Silicon Valley.

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Marqeta shares plunge more than 30% on big forecast miss

Published

7 hours ago

November 4, 2024

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Marqeta shares plunge more than 30% on big forecast miss

Marqeta celebrates its initial public offering at the Nasdaq on June 9, 2021.

Source: The Nasdaq

Marqeta shares tumbled more than 30% in extended trading on Monday after the company issued weaker-than-expected guidance for the fourth quarter.

Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG:

Loss per share: 6 cents adjusted vs. a loss of 5 cents expected
Revenue: $128 million vs. $128.1 million expected

While third-quarter results showed a slight disappointment on the top and bottom lines, Marqeta’s forecast for the current period was more concerning.

The payment processing firm said revenue in the fourth quarter will increase 10% to 12% from a year earlier. Analysts were looking for growth of more than 17%, according to LSEG.

Marqeta, which primarily functions as a card-issuing platform, attributed the guidance miss to “heightened scrutiny of the banking environment and specific customer program changes.” The company has been struggling for a while, and its stock is now down more than 80% from its peak in 2021, the year it went public. The stock was down 15% for the year prior to the report.

Total processing volume of $74 billion was up more than 30% from a year earlier. Net revenue and gross profit were up 18% and 24%, respectively.

Marqeta’s digital commerce business sells payment technology designed to detect potential fraud and ensure that money is properly routed. It also issues customized physical cards that look like a credit or debit card that can be used for point-of-sale purchases.

The company has been trying to break into the buy now, pay later business with a recently launched product called Marqeta Flex. The service brings BNPL from lenders such as Affirm or Klarna to any credit card wherever Mastercard and Visa are accepted.

“It’s an orchestration layer, but it’s tied to issuing and processing and disputes and chargebacks,” CEO Simon Khalaf told CNBC at Money2020 in Las Vegas last week. “So it is not actually a Wild West in BNPL. It is actually very well established. And there is a reason why a lot of people are jumping to it.”