Volkswagen brand expects its 2021 electric car deliveries to double

Volkswagen expects to double electric vehicle deliveries and increase profits for its core brand this year after the world's second-largest carmaker stepped up its switch to fully electric vehicles.
 

The brand will deliver more than 450,000 electric cars this year, the company said on Wednesday. Volkswagen is targeting 1 million electric vehicle deliveries for the wider group.
 

The core brand is aiming for a significant year-on-year increase in sales revenue and an increase in profits, VW said.
 

The group's preferred stock rose as much as 7% to its highest since June 2015, as institutional and retail investors cheered VW's efforts