A realignment of the Group-wide components business was decided on as part of the Group strategy TOGETHER 2025+ and implemented as of January 1, 2019. The aim is the further improvement of future viability and competitiveness by means of cross-brand management of component activities and an added-value strategy coordinated throughout the Group. Synergies are to be leveraged across both traditional technologies and topics of the future to advance the transition to electric mobility.
The components business manages around 75 thousand employees worldwide. The focus of their expertise is the development and manufacture of vehicle components. In order to realign these competencies in a future-oriented way, it was decided as part of the Group strategy to combine components activities around the world into an independent corporate entity, Volkswagen Group Components, under the umbrella of Volkswagen AG.
The entity has been organized into business areas: Engine and Foundry, Transmissions and Electric Drive, Chassis and Battery System, Battery Cell and Seats. In each of the business areas, innovative power and competitiveness is to be increased by means of an economical product portfolio that is viable for the future, a continuously optimized product range and economies of scale exploited across all business areas. Group Components in the Volkswagen Group is to be responsible for the development and production of battery systems and electric drives for new electric vehicles as well as for the development and pilot production of battery cells and the management of production partners. There are also plans to reuse the battery cells in innovative reutilization concepts such as the flexible fast charging station and then to recycle them in a climate-friendly manner.