VW Brand to Beef Up Hybrid Offering as EV Shift Stumbles
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Volkswagen AG’s namesake brand plans to bolster its offering of plug-in hybrid cars in response to a slowdown in demand for fully electric vehicles.
Expanding its portfolio of models with both a battery and an engine is among the VW brand’s top priorities, Chief Executive Officer Thomas Schäfer said Wednesday. The move is a shift from its previous strategy of focusing mainly on full EVs.