Press Release

Braunschweig/Wolfsburg/München, 4 January 2023. Volkswagen Financial Services are electrifying the fleet of Siemens AG together with the Volkswagen brand: the company's fleet will be gradually supplemented with up to 1,000 leased Volkswagen ID.4 vehicles. These all-electric vehicles are part of the electrification and sustainability strategy pursued by Siemens, one of the largest and longest established industrial companies in Germany.

"Fleets of companies and public authorities provide significant leverage for the market ramp-up of e-mobility. Therefore, the electrification of vehicle fleets is also of central importance to us at Volkswagen Financial Services. We are observing that more and more fleet managers are also electrifying their service vehicles. This shows how suitable and practical electric mobility has become for everyday use," said Armin Villinger, Chairman of the Management Board of Volkswagen Leasing GmbH.

"The fleet customer business is of great importance to Volkswagen. That is why we are pleased to continue our long-standing and trusting cooperation with Siemens into the era of electromobility," stressed Achim Schaible, Chairman and Spokesman of the Board of Management of Volkswagen Germany.

Siemens has set ambitious goals for the electrification of its own fleet within the framework of its sustainability strategy. The company aims to make the entire fleet CO2-neutral and fully electric by 2030. "The electrification of our fleet is a clear commitment to achieving our climate goals. But we also want to be a pioneer in our industry and send a clear signal for sustainable fleet management in line with our DEGREE framework," explained Stefan Kurz, Head of Global Fleet Management at Siemens. He added: "We chose the Volkswagen ID.4 because, in our opinion, the vehicle offers a good combination of range, charging speed, trunk volume, and price."

The ID.4 is the first all-electric compact SUV from the Volkswagen brand. It is produced and offered for sale in China, the USA, and Europe. The modular electric drive matrix (MEB) forms the technical backbone of Volkswagen's electric offensive. In the case of the ID.4, the design of the MEB platform allows for a very spacious interior. At the same time, the car impresses with its strong driving performance and maximum ranges of up to 512 kilometers or 531 kilometers (the two versions in the WLTP cycle). Its quick-charging capability with up to 135 kW helps it cope with long distances. 

Volkswagen Financial Services are a business division of the Volkswagen AG group of companies and comprise Volkswagen Financial Services AG along with its associated com-panies, Volkswagen Bank GmbH, Porsche Financial Services, and the financial services companies in the USA and Canada that belong directly or indirectly to Volkswagen AG – with the exception of the financial service business of the Scania brand and of Porsche Holding Salzburg. The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management and mobility services. Volkswagen Financial Services have a total of 17,713 employees worldwide – including 7,692 alone in Germany. Volkswagen Financial Services report total assets of around EUR 240 billion, an operating profit of EUR 5.60 billion, and a portfolio of around 22.0 million current contracts (as at: 31.12.2022).

More information at www.vwfs.com

The Volkswagen Passenger Cars brand is present in more than 140 markets worldwide and produces vehicles at 29 locations in twelve countries. In 2022, Volkswagen delivered around 4.6 million vehicles. These include bestsellers such as the Polo, T-Roc, T-Cross, Golf, Tiguan or Passat as well as the successful all-electric models ID.3, ID.4, ID.5 and ID.6. Last year, the company handed over more than 330,000 all-electric vehicles to customers across the globe. Around 170,000 people currently work at Volkswagen worldwide. With its ACCELERATE strategy, Volkswagen is consistently driving forward its development to become the most desirable brand for sustainable mobility.