Press Release

Braunschweig, December 16, 2024. Volkswagen Financial Services are rapidly expanding their charging infrastructure at the Braunschweig campus. In the coming year, a further 150 charging points will be added to the existing 212 stations already in place. The special feature of these new points is that they will all draw their electricity to 100 percent from renewable sources and thus contribute to the further sustainable electrification of the city of Braunschweig.

The charging points are predominantly designed with a 2x11 kW power output, while six points have 50/22 kW capacity and are therefore ideal for fast interim charging.

Frank Fiedler, Board Member for Risk, Tax and Legal Affairs at Volkswagen Financial Services AG and responsible for sustainability in the company, expressed the following conviction: "More and more of our employees are driving electric – whether in their private or company cars. Workplace charging is one of the many keys to fostering widespread electromobility. As an automotive financial services provider and as an attractive employer, we bear a special responsibility to build up a sustainable charging infrastructure, especially here at our headquarters in Braunschweig."

Kai-Uwe Rothe, Managing Director of BS Netz, stressed the importance of the cooperation: "For the energy transition to succeed, the transport sector, alongside the electricity and heating sectors, must also rely more heavily on renewable energy sources. As the distribution network operator for the city of Braunschweig, we therefore support the expansion of the e-charging infrastructure at the Braunschweig VW FS campus through both our expertise and our intellectual backing."

In addition to the installation work, the services provided by BS Netz for the VW subsidiary also included the construction of two compact transformer stations (630 kVA each) and their connection to the medium-voltage area network of Volkswagen Financial Services. The planning for this was carried out by Volkswagen Immobilien, Volkswagen's real estate company, while the charging points were erected and commissioned by Elli, Volkswagen's energy and charging solutions provider.

Volkswagen Financial Services AG is a wholly-owned subsidiary of Volkswagen AG and, as part of Volkswagen Group Mobility, manages the European financial and mobility services business. The aim of Volkswagen Financial Services AG is to support the sales of the Volkswagen Group brands and increase customer loyalty. The company is a longstanding partner of the dealership network – as a provider of financial services and as an aide and advisor. Its core products include vehicle leasing and financing, insurance, and other vehicle-related mobility products – both for private customers and for individual commercial customers and fleet customers. Through its subsidiary, Volkswagen Bank GmbH, Volkswagen Financial Services AG is also active in the direct banking sector. More information is available at www.vwfs.com.

BS Netz (Braunschweiger Netz GmbH) is the operator of the electricity, gas, district heating and water networks in Braunschweig. The company is advancing the expansion of the city's fiber optic network and also offers technical services nationwide. BS Netz is a wholly-owned subsidiary of Braunschweiger Versorgungs-AG & Co. KG (BS Energy).