FRANKFURT (Dow Jones) — Rising costs for customers and the company sees the VW subsidiary Seat coming. Above all, e-mobility is becoming more expensive. This was pointed out by Development Director Werner Tietz in an interview with the industry and business newspaper “Automobilwoche”.
Seat is currently examining plans to expand micro-mobility, but see increasing costs related to e-mobility. “If the material costs go down in the coming years and we can offer a fully electric Seat small car in the price range usual for the brand, then I don’t want to rule out that we will do the same. But at the moment we are seeing a rather opposite trend: Everything is getting more expensive, battery prices are rising, which makes it even more difficult for Seat to enter electromobility.”
The manager criticized the planned Euro 7 standard: On average, he expects “an additional price of 1,500 to 2,000 euros per vehicle”. The new standard requires the use of additional components. The necessary material costs would make cars more expensive. Customers would expect to get fully developed cars. “We can’t start rewriting various programs or changing our engines without a concrete basis and then let the customer take the blame if Euro-7 is designed completely differently in the end,” Tietz emphasized to the newspaper.
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(END) Dow Jones Newswires
April 16, 2023 06:27 ET (10:27 GMT)
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